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News

May 2010

Yangtze MSA warns of heavy summer storms

26 May 2010
Yangtze maritime safety authorities have warned of heavy storms this summer....

Canadian port seeks tie-up with Chongqing

26 May 2010
CentrePort Canada, based in Winnipeg, has signed an MOU with Cuntan container terminal in Chongqing to exploit increasing trade and investment between the two countries....

Blueprint approved to develop ports in east Sichuan

26 May 2010
The blueprint for Nanchong port has recently been approved by Sichuan provincial government, the provincial transport authorities announced on 24 May....

Landslide causes fatal train crash in Jiangxi

26 May 2010
A major landslide in Jiangxi province on 23 May derailed a passing train on the Shanghai-Kunming railway line and caused 19 deaths....

Signs to change on Nanjing’s major expressways

26 May 2010
Work has begun to change all sign boards on Nanjing’s three major national expressways, according to the city’s transport officials....

Yangtze Delta development plan approved

26 May 2010
The State Council has approved a plan to develop the Yangtze River Delta into a key international gateway for the Asia-Pacific region, said the National Development and Reform Commission....

CAAC cedes control over premium class airfares

26 May 2010
The China Civil Aviation Authority has decided to release control over first class and business class airfares....

Major increase in direct flights to Taiwan

26 May 2010
Mainland China and Taiwan will add 100 direct passenger flights and 20 cargo flights a week to keep up with two-way trade worth an annual US$109bn, according to Taiwanese civil aviation officials quoted by Reuters....

Government urges airlines to merge cargo businesses

26 May 2010
China’s central government is urging the country’s three largest airlines − Air China, China Eastern Airlines and China Southern − to merge their cargo operations so as to compete with foreign carriers...

Goodman to build logistics hub near Beijing

26 May 2010
Goodman Group, the Australia-based logistics property developer, plans to build a 5 sq km logistics hub between Beijing and Tianjin over the next seven years....

WuSteel allowed to invest in African iron ore deposits

26 May 2010
China’s third largest steelmaker Wuhan Iron and Steel Group has received approval from the National Development and Reform Commission to acquire two assets in Africa that are expected to contribute nearly 2bn tons of ir...

Faster train route opened between Chongqing and Shenzhen

26 May 2010
A railway route dedicated to transporting goods between Chongqing and Shenzhen in Guangdong province has recently gone into service....

Surge in Shanghai port throughput

19 May 2010
Shanghai International Port Group, the operator of Shanghai port, increased its cargo throughput by 17.5 per cent year-on-year to 35.53m tonnes in April, China Knowledge Press reported....

Chiwan invests in northern port

19 May 2010
Shenzhen Chiwan Wharf Holding, part of China Merchants Group, has acquired a 40 per cent stake in Zhonghai Port Development, the container operator of Laizhou port in Shandong province....

Northern ports emerge strongest from downturn

19 May 2010
China’s 10 largest container ports posted an overall volume increase of 26.2 per cent year-on-year in the first quarter of 2010 to 26.02m TEU....

Direct Seattle-Beijing flights from June

19 May 2010
Delta Air Lines has received final approval from the Chinese government to launch non-stop flights between Seattle and Beijing starting from 4 June. The new route will operate five times a week. Delta, based in Atlanta...

Sharp rise in express delivery volumes

19 May 2010
China’s express industry package volume increased 24 per cent to 470m pieces in the first quarter of 2010, according to statistics published by China Post. Revenues increased 24 per cent to Rmb12.4bn....

Manufacturing investment rises 37% in Chongqing

19 May 2010
Fixed-asset investment in Chongqing municipality increased 31 per cent year-on-year to Rmb128.98bn in the first four months of this year, according to the local statistics bureau. Investment in manufacturing rose 36.5 per...

Walmart to open ninth Chongqing store

19 May 2010
Walmart is due to sign an agreement at the end of this month to open its ninth store in Chongqing, according to a municipal government website....

Wuhan firm fined for vessel collision

19 May 2010
Senior managers of Wuhan South Fuel Shipping Co were summoned before the Yangtze River Administration, under the Ministry of Transport, for an official dressing-down on 12 May after one of its vessels collided with a passenge...

Nanjing port continues RTG switch to ‘green fuel’

19 May 2010
Nanjing port has started a second round of renovation on eight of its rubber-tyre gantries in an attempt to reduce fuel costs and carbon emissions....

Official lightening operations end in Yichang

19 May 2010
The Yangtze Maritime Safety Authorities said that the emergency measure to lighten cargo vessels at Yichang during the six-month dry season has ended....

China’s shipyards face new round of consolidation

19 May 2010
Experts attending the Nanjing International Shipbuilding Fair believe that China’s shipyards will face a new round of consolidation over the next two years because of a drying up of orders that began with the onset of t...

Liangjiang New Area approved by State Council

19 May 2010
Chongqing’s plan to develop Liangjiang (Two Rivers) New Area has been approved the State Council, according to China News Services on 17 May....

Special weather forecast for Yangtze region

12 May 2010
China Meteorological Administration has set up a station in Wuhan to provide a special forecast for the Yangtze valley region....

Wuhan New Port to launch Hong Kong road show

12 May 2010
Wuhan New Port Administration is to take its first road show to Hong Kong between 17-19 May in an effort to attract foreign investors....

Scientists forecast major earthquake in Jiangsu

12 May 2010
The deputy director of Jiangsu Seismological Bureau Mr Ni Yuewei and three of his scientists in charge of forecasting, emergency response and disaster prevention stated during an online chat show that a major earthquake of at...

Barge collides with anchored DG vessel

12 May 2010
At 1am on 11 May, an Anhui-registered self-propelled barge fled the scene after colliding with an anchored vessel in the Changzhou section of the Yangtze River....

CMA-GGM adds to Asia-Europe network

12 May 2010
In response to increasing trade volumes, CMA CGM has launched an addition to its Asia-Europe network....

BoC invests in freight railway line

12 May 2010
Bank of China, the country’s third-largest lender by assets, will invest US$1.1bn in a railway line that will be used to transport coal from central Shanxi province to Shandong province on the eastern coast....

Hangzhou-Amsterdam service begins

12 May 2010
Air services have begun between Hangzhou in Zhejiang province, and Amsterdam....

ArvinMeritor invests in Nanjing

12 May 2010
The US automobile parts maker ArvinMeritor plans to invest US$16m in a new technical centre and production facility in Nanjing....

Cuntan bonded area passes state inspection

12 May 2010
The first phase of Cuntan bonded area in Chongqing municipality has passed state appraisal....

Record number of foreign vessels call at Tongling

5 May 2010
Increasing exports of calcite and imports of waste metal have led to a record number of international vessels calling at Tongling port in Anhui province....

Taicang starts another Japan service

5 May 2010
The Jiangsu port of Taicang near the mouth of the Yangtze River has launched a fourth Japan service that will call at Tokyo, Yokohama and Nagoya....

China Natural Gas to test LNG vessel on Yangtze

5 May 2010
China Natural Gas Inc (CHNG) says it is close to completing tests on transporting liquid natural gas (LNG) shipments along the Yangtze River, reported China Oil and Gas Monitor....

Cosco Pacific buys Maersk’s Yantian stake

5 May 2010
AP Moeller-Maersk has sold its minority stake in the southern Chinese port of Yantian to Cosco Pacific, the Hong Kong-listed container port operator....

Resurgent Cosco posts strong Q1 growth

5 May 2010
China Cosco Holdings, the listed subsidiary of Cosco, China’s largest integrated shipping company, reported a much improved performance in the first quarter of 2010....

Building work to start soon on Cuntan bonded zone phase II

5 May 2010
Following the completion of the first phase of Chongqing Lianglu Cuntan Bonded Zone early this year, preparation work for phase two has reached the final stage, according to Chongqing Evening News....

China Southern expects 20% revenue growth in 2010

5 May 2010
China Southern Airlines expects a 20 per cent rise in revenue in 2010 thanks to the robust performance of the Chinese economy, Reuters reported. Executive vice president Chen Gang said revenues would rise to US$7.3bn....

Expo boost for China Cargo Airlines

5 May 2010
China Cargo Airlines, part of China Eastern Airlines, made a profit in the first quarter of 2010 for the first time since 2005, as a result of the upturn in the global air freight market....

Chongqing posts strong air cargo growth

5 May 2010
Chongqing airport recorded a 53 per cent growth in import and export cargo volume to 2,702 tonnes in the first quarter of 2010, reported Xinhua....

Wuhan sets minimum wage for public holidays

5 May 2010
Wuhan’s Human Resources and Social Security Bureau issued a public announcement before the May Day holiday stating that anyone asked to work during the three-day public holiday should be paid three times the worker&rsqu...

Interest wanes in Wuhan land auction

5 May 2010
A Wuhan land auction lost many of its regular bidders following a new round of government policies designed to cool an overheated property market, according to the Yangtze Daily newspaper....

Changan Suzuki raises capacity

5 May 2010
Chongqing Changan Suzuki Automobile, a minicar joint venture between Changan Auto and Suzuki Motors, expects to increase its annual capacity to 180,00 vehicles this year....

Dongfeng Honda to source more parts from Chinese suppliers

5 May 2010
Honda Motor said it plans to buy more parts from Chinese suppliers to cut costs at its auto assembly joint venture with Dongfeng Motor in Wuhan, Hubei province....

ANZ approved to open Chongqing branch

5 May 2010
Australia and New Zealand Banking Group has been approved to set up a branch in Chongqing, its first branch in western China and its fourth in the PRC. An increasing number of financial services companies are being drawn t...
     
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