Industry News

CHINESE PRESIDENT CONGRATULATES DUISBURG 'SILK ROAD'

During his European tour, Chinese president Xi Jinping took time to visit and celebrate the arrival of the “Yuxinou” train which connects the cities of Chongqing, central China, with Duisburg, Germany.

The new intermodal connection to Europe’s largest inland harbour will take just 16 days to reach Chinese mainland, and it is hoped that the new link will greatly strengthen economic ties between the two nations.

Read more: CHINESE PRESIDENT CONGRATULATES DUISBURG 'SILK ROAD'

PSA INTERNATIONAL REPORTS DOUBLE DIGIT PROFIT JUMP

Singapore-based port operator PSA International has announced increases in revenue and throughput have increased net-profits by 13.4 percent to US$1.425 billion.

PSA put the rise partly down to one-off income from asset disposals.

Read more: PSA INTERNATIONAL REPORTS DOUBLE DIGIT PROFIT JUMP

IMPORTERS IN A BIND

FOR a good first two months of this year, it dominated the headlines until three events – one after the other – pushed it not exactly into oblivion but to the back burner.


Politicians from both sides of the divide pulled no punches in their one upmanship over the failure of the government to arrest the escalating price of consumer goods. 

Read more: IMPORTERS IN A BIND

FMC REACHES AGREEMENTS ON $617,500 IN CIVIL PENALTIES

The Federal Maritime Commission has completed seven compromise agreements with nine non-vessel-operating common carriers and freight forwarders, recovering a total of $617,500 in civil penalties.

Read more: FMC REACHES AGREEMENTS ON $617,500 IN CIVIL PENALTIES

US BEEF EXPORT LOSS IS AUSTRALIA’S GAIN

The Australian red meat industry sold record amounts of beef and goat meat to China in August. China imported 19 percent of Australia’s total red meat shipments, compared with 4 percent in August 2012.

Read more: US BEEF EXPORT LOSS IS AUSTRALIA’S GAIN

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