China News Direct

 
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Kuwait National Petroleum to make good use of LNG reserves
(Oct 09, 2007) Kuwait National Petroleum Company (KNPC), one of the world's largest oil conglomerates, will start producing non-associated liquefied natural gas (LNG) from December 2007. The production of non-associated LNG implies oil-rich countries along the Persian Gulf Region have began to make good use of their sufficient LNG reserves. According to KNPC's ...
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Huaneng and Yingkou Port in coal transport alliance
(Oct 09, 2007) China Huaneng Group (CHNG), a state-owned energy company, will build a coal transfer base with 6 berths and yards in Yingkou of Liaoning province. This is to meet the demand for coal for use in thermal power plants under Huaneng. CEO of Yingkou Port Group, Gao Baoyu, revealed that the ...
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CAAC gives subsidies to support regional airports
(Oct 09, 2007) General Administration of Civil Aviation of China (CAAC) will launch several financial policies in the near future to assist small-scaled airports in China. According to Vice-Director of CAAC, Gao Hongfeng, CAAC will provide subsidies for small-scaled airports. Loan will also be provided for civil aviation infrastructure. To safeguard the financial ...
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FedEx extends International Priority service hours
(Oct 09, 2007) Federal Express (FedEx) announces the International Priority Mail telephone reservation service and the cut-off time will extend for five more hours to 4pm in Hong Kong. The new schedule starts from 8 October 2007. Since Hong Kong is transforming to an economic structure of high value-added services, the company believes ...
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China Express to fill regional aircraft maintenance gap
(Oct 09, 2007) China Express and China National Guizhou Aviation Industry (Group) Co., Ltd. will cooperate to expand the professional aircraft maintenance market of the regional route sector. The two parties will jointly invest in an aircraft maintenance base which requires register capital of RMB80 million. The base covers the southwestern and the ...
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Korea to explore port business in Russia and Vietnam
(Oct 08, 2007) To expand its logistics and container port industry, Korea is looking abroad for expansion and development potential. In October 2006, the Korean port authority started looking at container terminals and ports overseas. It passed a bill to relax restriction and let the country explore and build ports in overseas countries. ...
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Busan Port to be a transshipment hub in Northeast Asia
(Oct 08, 2007) Busan Port of Korea is planning to strengthen its transshipment services. The strategy matches its needs of being a transshipment hub of Northeast Asia. In the first 8 months of 2007, container cargo throughput at Busan Port surged 11% while transshipment throughput jumped 20% in the first three quarters of ...
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China Resources Land invests in Jie Zhangke's latest movie
(Oct 08, 2007) China Resources Land has decided to invest in movie director Jie Zhangke's movie which is set in a plane engine plant in Sichuan. The movie is set in a plane engine manufacturer plant called Factory 420 which is located in Chengdu. Two years ago, CR Land purchased the land and ...
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Busan Port sees strength in transshipment business
(Oct 08, 2007) Korean Busan Port could not reach its container handling target last year but it has made a new record of handling 10 million TEU within around 10 months in 2007. The strong surge in throughput was mainly supported by transshipment services. Busan Port admits that transshipment is the main reason ...
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Swire Pacific not sure about REIT listing
(Oct 08, 2007) Swire Pacific A has not reached a conclusion upon the spin-off of Festival Walk, said the chairman. It also has no plan immediate plan to list in Shanghai. Market rumored Swire Pacific A plans to spin off Festival Walk through a Real Estate Investment Trust (REIT) in order to gain ...
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