Cosco Pacific will increase service charges in the south and the Bohai Rim area as it bets on an upswing in the nation’s economy, the South China Morning Post reported.

The world’s fifth-largest port operator, which owns stakes in 17 terminals from Daliany to Hong Kong and three overseas ports, forecasts domestic trade will recover more vigorously than global trade this year.

Clarksons, an international shipping consultant, predicts container trade worldwide will increase five percent this year while on the mainland it will grow eight percent.

Although the mainland’s export-import trade rose for the first time last year, up 10 percent in November from a year earlier, the uncertainty in the recovery in the United States and Europe still clouds the upswing in global trade.

International trade is still more profitable than domestic trade.

The premium for international containers over domestic boxes is as much as 50 percent in Dalian but shrinks to just 20 percent in Shanghai.

Cosco Pacific intended to raise rates in Daliany, Qingdaoy, Tianjiny and Guangzhouy’s Nansha.

On average, domestic trade accounts for 35 percent of total throughput at mainland ports while at some ports such as Nansha it is as much as 60 percent.

Cargonews Asia Pacific

Search to find what you want

• Ocean circulation attenuates North American Intermodal

    Shipments of rail-truck intermodal cargoes across the United States and Canada are showing more signs of life, but are swamped by continued sharp declines for international shipments that are mainly ocean-borne imports. The Intermodal Association of North America said domestic cargo originations, combining truck trailers and the large-cube containers built solely for

• Ocean circulation attenuates North American Intermodal

    Shipments of rail-truck intermodal cargoes across the United States and Canada are showing more signs of life, but are swamped by continued sharp declines for international shipments that are mainly ocean-borne imports. The Intermodal Association of North America said domestic cargo originations, combining truck trailers and the large-cube containers built solely for

• Melbourne Port throughput up 6.6% in December

    A positive rebound in trade volumes saw total trade through the Port of Melbourne in December 2009 increase 6.6 percent on the corresponding month the previous year.

• China s coal imports fall to increase domestic market in a short time

    China’s coal imports started falling back last month due to the rising price of international coal, which will serve to boost the domestic market in a short time, experts say. China imported 13.89 million tons of coal in July, down 13.6 percent from the previous month but up 317 percent over

• Cosco Pacific to expand network ports

    Cosco Pacific, the largest mainland port operator, said it will further expand its overseas terminal networks and increase its controlling rights in terminals even after posting a 31.8 percent decline in net profit in the first half. The company also announced it entered into an agreement to sell 49 percent of its

• Vietnam may face oversupply of steel this year

    Vietnamese Vice Minister of Industry and Trade Do Huu Hao said here on Monday that Vietnam may face steel oversupply this year. Hao made the forecast at a meeting with the Vietnam Steel Corporation (VNSteel), saying that the pressure is from overproduction of domestic companies and increasing steel import. A

• Horizon Start China Service

     Horizon Lines, the largest U.S. domestic ocean carrier, will launch a weekly trans-Pacific service from China to the West Coast in December after the expiration of a space-charter agreement with Maersk Line. The new service will use five 2,824-TEU, 23-knot ships that now call at Guam in Horizon’s domestic service and

• Schenker Raises U.S. Domestic prices

     Global forwarder DB Schenker will increase U.S. domestic rates effective March 1. The rate increase will affect U.S. domestic and trans-border shipments between the United States, Canada and Mexico using the company’s integrated domestic network. It will be the first general domestic rate increase for U.S. customers since 2005. Schenker, which

• Japanese steel demand to 33.4 percent in the 1st Quarter 2010

    According to the Japanese Ministry of Economy, Trade and Industry (METI), Japanese steel demand is expected to reach 23.9 million mt in the first quarter of 2010, increasing by 33.4 percent as compared to Q1 2009. Meanwhile, in the first quarter of 2010, Japanese raw steel demand will increase by

• Trade between the NAFTA partners decreases strongly in May

     Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 35.4 percent lower in May 2009 than in May 2008, the biggest decline from the same month of the previous year on record, according to the Bureau of Transportation Statistics

• Cargo shall be in Montreal port

    The Port of Montr?al handled 24.5 million tonnes of cargo of all types in 2009, down 12 percent from 2008, because of the global recession’s heavy impact on domestic and export-import trade and shipping activity, the Victoria Times Colonist reported. Container traffic, the fastest- growing category over the past decade,

• China continues to reform oil product prices

    China announced Wednesday that it will continue to reform its oil product pricing mechanism based on changes in the domestic and international markets. “The reform of refined oil pricing and affiliated fuel tax incentives has produced prominent results in the past year

• High prices dent vegetable oil imports in January

    India’s vegetable oil imports fell 1.8 percent in January from a year earlier, as high stocks and rising prices discouraged buying after record shipments last year, when India toppled China as the world’s biggest buyer.

• NAFTA partners in trade from the month of June

    Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 31.5 percent lower in June 2009 than in June 2008, dropping to $50.8 billion in the sixth consecutive month with a year-to-year decline of greater than 27 percent, according to

• Japan to increase wheat imports such as rain gear Crop

    Japan, Asia’s biggest wheat importer, may increase purchases to a more than three-year high as rain cuts domestic output and lower prices help revive demand. The government is considering raising imports to more than the 4.91 million metric tons planned in March, Shirara Shiokawa, director at the grain trade division of the