Agility Launches New China Freight Service
Agility, a leading global logistics provider, has introduced a scheduled freighter service that will directly connect key origins in China via Shanghai to Kaunas, Lithuania. With few freight options that cover this routing, the new service delivers stable and faster access, helping customers move goods from China into the rapidly growing markets of Northern Europe, the Nordics, Russia and the Baltics. Read more
BMW Group Expands its Activities in China
The BMW Group is planning further expansion of its activities in China in the future. “BMW Group vehicles are very popular in China. We anticipate that this growth will continue in the future. Therefore, together with our Joint Venture partner Brilliance, we will increase the previously announced investment of 560 million euros in our Chinese facility in Shenyang to around one billion euros,” announced Chairman of the Board of Management of BMW AG, Norbert Reithofer, during the visit of the Party Secretary of the Chinese province of Liaoning, Wang Min, in Munich. Read more
Fraud on the Alibaba Platform
Yesterday David Wei tendered his resignation as the chief executive officer of Alibaba.com. On this platform, at least 2,326 suppliers engaged in fraudulent practices against buyers over two years. Read more
Siemens Selects TI Best Supplier Worldwide
Siemens AG has honored its best suppliers worldwide in fiscal 2010. The four awards are shared between two major concerns and two mid-sized companies. The U.S. company Texas Instruments took first place in the overall ranking. In addition, Siemens selected the Trips Group Germany as the most innovative supplier, Franke GmbH with headquarters in Aalen, Germany, as the best in the Global Value Sourcing category and Deutsche Post DHL as the most sustainable supplier. Read more
German Exports to China Unaffected by Crisis
As reported by the Federal Statistical Office (Destatis) on the occasion of the visit of the Federal President, Horst Köhler, to China from 17 to 20 May 2010, German exports to the People’s Republic of China increased – in contrast to the general trend – by 7.0% to Euro 36.5 billion in 2009 from a year earlier. For comparison: Over the same period, total German exports decreased by 17.9% to Euro 808.2 billion. Read more
German Export Performance: 2000 – 2009
The German Export Performance Index relating to the trade with the country’s 25 major trading partners increased nearly 11% between 2000 and 2009. In relation to the base year 2005 the index rose from 92 to 102 points between 2000 and 2009. Read more
Foreign Investors Appreciate Germany
Germany has proven itself internationally as an investment location, even in the crisis year 2009. Compared to the previous year, investment project inquiries increased slightly. Read more
Green Logistics at transport logistic China
Messe München International is organizing in June, together with mit Supply Chain Asia, a Green Logistics Workshop at the transport logistic China 2010. To supplement this, international transport and logistics companies present their sustainable solutions for the world market at the Shanghai New International Expo Centre (SNIEC). Read more
Exports to China up 14.5 Percent
In the third quarter of 2009, German imports were 18.9 percent lower than those of the same quarter of last year, amounting to Euro 167.9 billion. When price-adjusted, imports decreased 10.9 percent. Read more
Jump in Sales in China and India
Worldwide demand for motor cars has further stabilised on most foreign markets towards the end of the year. Numerous stimulus packages have been supporting this trend. In China, sales volumes in November almost doubled with an increase of 92 percent. Read more
Deadline for METP Application: 7 January
Managers and entrepreneurs from EU companies are given the opportunity to apply for the „Managers Exchange and Training Programme“ (METP). The Chinese government and the European Commission bear the costs of the ten-month language and business training in Bejing, starting on 10 May 2010. Read more
17 Percent of EU Imports from China
The share of China in EU27 trade in goods continued to rise in the first six months of 2009. Germany, the Netherlands and the United Kingdom are the largest trading partners of the People’s Republic. Read more
Ifo: World Economic Climate Improving
The Ifo World Economic Climate Indicator rose in the fourth quarter of 2009 for the third time in succession. The rise in the indicator is the result of both more favourable expectations for the coming six months as well as less negative assessments of the current economic situation. The recovery of the world economy is driven especially by the dynamic development in Brazil as well as in India, China and other Asian countries. Read more
Prison Term for Textile Smuggling from China
A two-and-a-half year prison term and fines totalling almost 50 million Euros is the punishment imposed on an individual responsible for large scale fraud involving textiles imported from China. Read more
Stimulus from Asia for BASF
BASF believes that destocking by its customers worldwide appears to be over for the time being. This has caused a slight upturn in demand. However, customers are still placing smaller orders at increasingly short notice, especially closer to the end of the year. Read more
Fit for Business in China in 10 Months
The European Commission and the Government of the People’s Republic of China decided to extend the EU China Managers Exchange and Training Programme (METP). METP 5 will start in May 2010. Read more
China and India: Increasing Business Risks
The number of European companies entering into a business relationship with China or India is increasing – so is the risk of payment default. Particularly in China more and more companies are defaulting on their payments. Read more
Countdown for Intertextile Shanghai Home Textiles
Asia’s most popular home textile trade fair, Intertextile Shanghai Home Textiles, will open on 25 – 27 August 2009 at the Shanghai New International Expo Centre. Read more
Global Economic Trends in Q3
Although the world economic situation looks gloomy, there is some hope of improvement, according to the current Global Economic Outlook by Deloitte. Read more
Weekly Joint Service Line to Asia
The handling of shipments for the Xin Hong Kong at the Eurogate Container Terminal Hamburg (CTH) on 17 July 2009 launched a scheduled weekly container service which connects North Europe to the Far East.
Under this new joint service schedule the Chinese ocean carrier Shipping Container Line (CSCL) and Evergreen Line from Taiwan cooperate on these routes for the first time. The new AEX-1 / CEM uses 4 container boats of CSCL, with a capacity of about 9,600 TEU and four Evergreen units between 7,000 and 8,000 TEU. The carriers CMA CGM, ZIM and IRIS Lines have also booked container positions for the service line.
After its first calling at Hamburg, the XIN HONG KONG called at Rotterdam and Zeebrügge, then entered its home port Hong Kong as well as Qingdao, Shanghai, Ningbo and Yantian (Shenzhen). The cruising speed of the units used allows a traveling time of 56 days for a roundtrip.
In Hamburg, container traffic with Asia reached a total volume of 5.5 million containers (TEU) in 2008. With 3.1 million TEU the People’s Republic of China (including Hong Kong) achieved also in 2008 a top position among the ten major trading partners of Hamburg Harbour in container traffic .
(Picture: Hamburg and its new joint service line China Shipping and Evergreen Line / photo: Hamburg Harbour)
