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• Chinese people are interested in shipping

    Chinese companies on Thursday expressed their keen interest in Pakistan’s shipping industry and marine infrastructure. In response, the government assured the Chinese companies of its full assistance

• DHL Hubs China plans 10 more this year

     DHL Supply Chain, the logistics unit of Deutsche Post DHL, plans to add 10 transportation hubs in China by the end of this year as it continues to boost its distribution network and facilities to meet growing demand for domestic shipping, Dow Jones reported. ‘Our customers are growing in China,

• Air China, Sinotrans sign cooperation agreement

     Flag carrier Air China has signed a strategic cooperation framework agreement with shipping company Sinotrans, Dow Jones reported. Air China’s unit, Air China Cargo, and Sinotrans will work together on product design and development, coordination on logistical issues, explore the possibility of joint investment in infrastructure building and jointly expand

• Kazakhstan and Estonia to hold negotiations on the expansion of cooperation in the transport of cargoes

    Astana. September 8. Kazakhstan Today – Kazakhstan and Estonia intend to hold negotiations on expansion of cooperation in the field of transportation of cargoes. The Prime Minister of Kazakhstan, Karim Masimov, informed at the press conference after the bilateral meetings with the Prime Minister of Estonia, Andrus Ansip, on Monday, the agency

• Small steel producers more profitable, but less sustainable

    According to statistics released by the China Iron and Steel Association (CISA), in the first half of 2009, 71 large and medium-sized steel enterprises achieved revenue of 955.03 billion yuan from their main business, down 28 percent year-on-year; their profits totaled 1.73 billion yuan, down 98 percent year-on-year. In contrast, some

• Nakhodka International Terminal CJSC to construct, container terminal in Primorskii krai

    There was Nakhodka International Terminal CJSC registered in Nalhodka (Primorskii krai).

• China boom

    Resource-rich Queensland must take advantage of increasing demand from China, India and Brazil, while bracing for a downturn in infrastructure spending next year, says a leading business chief. Leighton Holdings Limited chief operating officer Bill Wild spoke about future investment and opportunities in an address to a business luncheon in

• Frost Sullivan: Oil and gas market in Russia Hold Open Growth Opportunities

    Second only to the Middle East, the Caspian Region of Russia holds a wealth of natural resources and an open opportunity for market growth in the near future. Europe/Eurasia has 11.61% of the world proved oil reserves and 33.5% of the world’s proved gas reserves. Frost & Sullivan reports that the energy

• PYI Corp. snaps Yichang Port

    PYI Corporation Limited, a bulk cargo port and infrastructure operation group, announced that it has completed the injection of a total sum of RMB114 million (HK$130 million) for the 51% equity interest, following which Yichang Port Group becomes a subsidiary of PYI. Tom Lau, Managing Director of PYI, said, ?We

• India: Growth in container traffic is expected to continue

    According to Mr Srinivasa R Naik director of ministry of shipping, the Eleventh Plan 2007-12 emphasizes the need for increasing investment in infrastructure from 4.6% to 8% of GDP with a focus on augmenting capacity and enhancing the quality and productivity of transport infrastructure through technology interventions. Mr Naik said

• Maersk Line to increase activity in Tangier – Med port, CEO

    Rabat – Maersk Line, one of the leading liner shipping companies in the world, will increase its activity at the Tanger-Med port, Danish Maersk Line group’s CEO Eivind Kolding said on Tuesday during a visit to Morocco. In a statement to the press after a meeting with Prime Minister Abbas

• U.S. Ports: The government subsidy is now the norm

    Worldwide, the role of government is increasing. In the US, discussions of infrastructure funding are dominated by conversations about the American Recovery and Reinvestment Act (“ARRA”, or “The Stimulus Bill”) of 2009. The American Association of Port Authorities (AAPA) highlighted that a group of large US ports received an aggregate $30m in

• Diana Shipping Inc. Announces Acquisition of a Panamax dry bulk carrier

    Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, yesterday announced that it has agreed to purchase from an unaffiliated third party the MV “Teresa Hebei”, a 2004 built Panamax dry bulk carrier of 76,436 dwt, for a price of US$35.1 million. The vessel, to be

• Diana Shipping is to acquire a Panamax dry bulk carrier

     Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, today announced that it has agreed to purchase from an unaffiliated third party the MV “Teresa Hebei”, a 2004 built Panamax dry bulk carrier of 76,436 dwt, for a price of US$35.1 million. The vessel, to be

• Yanzhou eyes opportunities in Australia

    Chinese miner Yanzhou is on the lookout for further investments in Australia as it awaits a decision from regulators on its $3 billion takeover of Felix Resources. The deputy managing director of local subsidiary Yancoal Australia, Boyun Xu, said the company saw growth opportunities in Australia’s vast coal resources and the strong regulatory