Daily Archives: 20 January, 2009

2009 CNY road ban

Ministry of Transport’s circular on subject from 24th Jan to 25th Jan and 31st Jan to 1st Feb. 4 categories of heavy vehicle has been defined with the time it’s banned from the road indicated. Permission for heavy vehicle on the road during this time …

Asia-Europe rates hit zero – shippers only pay for bunker

ASIA-EUROPE spot container freight rates are said to have plummeted for the first time to zero dollars, with cargo owners paying for bunker to so carriers can a major operational cost. According to unidentified industry sources in Singapore, an increasing number of containers were being …

Aust to record zero GDP growth in 2009

SYDNEY: The Australian economy is forecast to record zero growth this year as the global credit crisis stifles business activity, a report says. Dun and Bradstreets (D&B) economic & risk outlook report says Australian real gross domestic product(GDP) would slow to zero through this year, …