Monday 16 March 2009
Friday 13 March 2009
Friday 6 March 2009
China logistics profits fall below 10% from 30%
The gross profit margin of the logistics operators in China has fallen to below 10% from 30% the industry posted in 2002.
Xinhua New Agency reported that the current profit margin of domestic warehousing companies is only from 3-5% higer while transport companies hit only 2-3%.
The express industry, which relies heavily on the manufacturing, suffered as the factories produced fewer goods while cutting back on logistics costs due to the slowdown of the world economy. Meanwhile, the oil price increases for most of the year, and rising cost of manpower also reduced margins.
The report predicts that the situation will last through the early half of 2009.
During the first three quarters of 2008, China's logistics industry generated a value of CNY6.8 billion (US$971.6 million), up 26.7% year on year, but operating costs grew faster at 36%.
Xinhua New Agency reported that the current profit margin of domestic warehousing companies is only from 3-5% higer while transport companies hit only 2-3%.
The express industry, which relies heavily on the manufacturing, suffered as the factories produced fewer goods while cutting back on logistics costs due to the slowdown of the world economy. Meanwhile, the oil price increases for most of the year, and rising cost of manpower also reduced margins.
The report predicts that the situation will last through the early half of 2009.
During the first three quarters of 2008, China's logistics industry generated a value of CNY6.8 billion (US$971.6 million), up 26.7% year on year, but operating costs grew faster at 36%.
China is the biggest buyer of US pork
US Meat Export Federation(USMEF) recent data for the year shows an unprecedented surge in China pork imports from America, double that of Japan's record year of 2005.
The 4.2 billion pounds of pork imports is less than 5% of China's total consumption, said USMEF vice president Joel Haggard, who added that US exports are a small compared Europe's and Brazil's.
USMEF estimates that the final figure for US pork exports to China and Hong Kong is likely to reach 851 million pounds at a value of nearly US$700 million. But the surge is not likely to repeat itself this year, because of China's hog raising subsidies.
The 4.2 billion pounds of pork imports is less than 5% of China's total consumption, said USMEF vice president Joel Haggard, who added that US exports are a small compared Europe's and Brazil's.
USMEF estimates that the final figure for US pork exports to China and Hong Kong is likely to reach 851 million pounds at a value of nearly US$700 million. But the surge is not likely to repeat itself this year, because of China's hog raising subsidies.
Wednesday 4 March 2009
Ningbo-Zhoushan's box volume puts port No. 8 worldwide
The ranking of world container port handling capacity of 2008 has been released to show that Ningbo-Zhoushan port has edged into the world top 10 with the capacity of 10.933 million TEU, jumping from the No. 11 sport in 2007 to No.8 today.
The port's world ranking rose to 11th place in 2007 from 67th in 2000 with an outstanding container volume growth of 36.7%. In spite of facing the global economic slowdown in 2008, the port registered a 16% increase in container movement to break the 10 million TEU mark.
According to World Container Port Capacity Ranking 2008, Guangzhou and Ningbo became global top 10 ports which also including Shanghai, Hong Kong, Shenzhen and Qingdao.
The port's world ranking rose to 11th place in 2007 from 67th in 2000 with an outstanding container volume growth of 36.7%. In spite of facing the global economic slowdown in 2008, the port registered a 16% increase in container movement to break the 10 million TEU mark.
According to World Container Port Capacity Ranking 2008, Guangzhou and Ningbo became global top 10 ports which also including Shanghai, Hong Kong, Shenzhen and Qingdao.
Tuesday 3 March 2009
Suzhou,China-Japan express shipping service 'faster than air freight'
China's north western city of Suzhou has launched an express shipping line that claims to be faster than air freight options available.
The new weekly service connects Suzhou's Taicang Port to Japan's Port of Shimonoseki, using a ship that can carry 300 TEU. The sailing time from Taicang to Shimonoseki was only 36 hours, which is faster than air transport. The service is also said to be able to cut down the shipping costs 80% between Suzhou and Japan.
The new weekly service connects Suzhou's Taicang Port to Japan's Port of Shimonoseki, using a ship that can carry 300 TEU. The sailing time from Taicang to Shimonoseki was only 36 hours, which is faster than air transport. The service is also said to be able to cut down the shipping costs 80% between Suzhou and Japan.
Ports in Shandong province, China 2008 container volume increases 14 per cent
Ports in Shandong province, northeast China, registered a 14.3% growth in throughput to hit 650 million tons in 2008.
The three largest provincial ports Qingdao, Rizhao, Yantai (including Longkou port) handled 563 million tons of cargo, accounting for 85.6% of the total. Qingdao port's volume grew 13.3% to 300 million tons, while Rizhao port moved 151 million tons with a 15.6% increase and Yantai handled 112 million tons, up 10.5%.
The three largest provincial ports Qingdao, Rizhao, Yantai (including Longkou port) handled 563 million tons of cargo, accounting for 85.6% of the total. Qingdao port's volume grew 13.3% to 300 million tons, while Rizhao port moved 151 million tons with a 15.6% increase and Yantai handled 112 million tons, up 10.5%.
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