China News Direct

 
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29bn cubic meters of Tarim natural gas goes east
(Jan 14, 2008) According to Xinhua News Agency, the latest updated statistics from China Petroleum Natural Gas Co. Ltd Tarim Oil Field Branch and West East Gas Pipeline Company show that in the past 3 years, 29 billion cubic meters of natural gas of Tarim Basin has continually transported to East China region ...
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Telecom industry revenue grows with low return on sales
(Jan 14, 2008) The sales revenue of China's telecommunications industry in 2007 grew by 18% to RMB5,600 billion as compared with 2006 but the return on sales was only 3.5%. According to an official of Ministry of Information Industry (MII), China lacks core technologies and intellectual properties for further development. Moreover, China still ...
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GCL-Poly Energy adds 4 more cogeneration plants
(Jan 14, 2008) GCL-Poly Energy Holdings Limited, one of the largest energy companies in China, has acquired 4 cogeneration plants in Beijing, Puyuan of Zhejiang province, Xinneng and Funing of Jiangsu province and Suzhou of Jiangsu province with HK$334 million. GCL-Poly Energy's attributable installed capacity has risen by 25% from 558 megawatts to ...
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Ningbo Port to set up container terminal arm in Estonia
(Jan 14, 2008) Ningbo Port in Zhejiang province of China has signed a letter of intent on terminal investment with the Port of Tallinn in Estonia in early January 2008. The ports plans to jointly set up a container terminal at the Port of Tallinn. The terminal will facilitate the business and trade ...
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Dalian Airport builds transfer service with Yingkou Port
(Jan 14, 2008) Dalian International Airport in Liaoning province of China starts in January operating direct cargo transfers together with Yingkou Port through a jointly-set up cargo station in the Bayuquan Area. The cargo station handles international and domestic shipping agency, international cargo transfers and supervision, storage and air ticket sales in Yingkou, ...
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Singapore to professionalize local ports
(Jan 14, 2008) The Singapore Maritime Foundation expects local ports to increase labour force and professionals while obtaining an accredited status in the global shipping business. A new scheme, namely MaritimeONE, will facilitate the interaction between students and shipping companies. Students can gain experience and learn new technique through placement. Besides, Singapore will ...
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PSA raises terminal capacity for 2008
(Jan 14, 2008) PSA International Pte Ltd, a Singapore-based port and terminal enterprise, is confident in the growth of its terminal business from year 2008. Pasir Panjang Terminal will raise the handling capacity by opening new berths and launching new facilities in year 2009, says Kuah Boon-wee, PSA chief executive for Southeast Asia ...
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Singapore ranked top in container throughput globally
(Jan 14, 2008) Singapore achieved an outstanding port performance including container throughput, bulk cargo volume and fuel sales in year 2007. Singapore was the busiest container port in the world for the year, followed by Shanghai Port of China and Hong Kong. The container throughput reached a 12.7% year-on-year growth to 27.9 million ...
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Zhejiang builds 3-hour railway network around Hangzhou
(Jan 12, 2008) The Zhejiang Provincial Railway Investment Group says the province will finish RMB100 billion's worth of railway investment by 2010. The company has recently signed a contract with China Development Bank to obtain a RMB3 billion railway construction loan, the largest single lot loan in Zhejiang railway construction history. It plans ...
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Guangdong spends RMB22bn on new highways and ports
(Jan 12, 2008) The province of Guangdong plans to invest RMB22 billion to build 306 kilometres of highways in 2008 to improve the road network in the Pearl Delta. The province also plans to invest RMB10.5 billion in port construction and 110 new berths will be built in the year, Nanshan Port Phase ...
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