Transport and Communications Services Statistics - Summary Findings
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Source: Dept of Statistics Malaysia
Northeast China to invest CNY53 billion to build shipping centre
NORTHEAST China’s Shandong province plans to invest CNY53 billion (US$7.76 billion) to boost its shipping industry development and shape itself as an international shipping centre in northeast Asia by 2010, reports Xinhua.
According to the plan, the province will set up five shipping trading centres respectively in Qingdao, Yantai, Rizhao, Weihai and Jining, and increase [...]
Shanghai up 3.6pc, retains world’s No.1 port in 2008 tonnage
THE Port of Shanghai lifted 582 million tonnes of cargo during 2008, up 3.6 per cent year on year, continued to retain its title as the world’s largest port in terms of overall tonnage, Logistics Week reported.
The port handled 28 million TEU last year, up 7.1 per cent, which was the second largest container [...]
CSCL profit falls 99pc in downturn to US$6.3 million
CHINA Shipping Container Lines (CSCL) has revealed to the Hong Kong stock exchange that its 2008 profit fell 99 per cent because of plummeting freight rates in the global economic downturn.
Profit fell to CNY42.97 million (US$6.3 million) year on year from the CNY3.23 billion in 2007, said the Shanghai-based company, which is China’s No [...]
Qantas to layoff 90 senior managers, maintain salary freeze
AUSTRALIA’s Qantas Group has announced that it is laying off management staff as part of a fundamental review of the company’s organisational structure to ensure it is better equipped to respond to commercial challenges, including the impact of the global economic downturn.
A company statement said that it will make 90 current senior management positions [...]
Maersk, Baosteel sign procurement agreement
AP MOLLER-MAERSK Group and Shanghai’s Baoshan Iron & Steel Co Ltd (Baosteel) have signed a three-year master procurement agreement for the provision of a wide variety of steel products, including steel for the production of containers, shipbuilding, oil and gas needs.
With the establishment of this master agreement, the two parties also agreed to further [...]
Hutchison profit down 42pc to US$2.3 billion
HONG KONG’s Hutchison Whampoa, the world’s largest terminal operator, has suffered a 42 per cent decline in net profit for 2008 to HK$17.66 billion (US$2.3 billion), down from $30.6 billion a year earlier, on the back of the global economic downturn.
With interests in hotels, property, energy, infrastructure and telecoms as well, the group’s profits [...]
BIFA promotes value of staff training in tough market
THE British International Freight Association says that “training is a worthwhile investment in the good times and now with the economic chill being felt across the business world, a properly trained staff will be part of any business’s survival strategy.”
A statement issued on behalf of the UK freight forwarders association said: “The advantages of [...]
DP World gloomy, sees no near-term reverse of decline
UNITED Arab Emirates cargo handler DP World says it sees little sign in the foreseeable future of an easing of the industry slowdown that has left some of its terminals struggling with a double-digit declines.
“Volumes are just disappearing,” said DP World CEO Mohammed Sharaf. “It’s not that we are losing our business to our [...]
