Topic “In the News News” — Exporter Magazine

Over the next three years, Hitachi – a sprawling conglomerate of 900 companies – will allocate about 70% of its 1.4 trillion yen (NZ$200 billion) budget for capital spending and strategic investments to businesses such as power plants, smart grids, cloud computing, batteries and railway systems. The US has set final anti-dumping duties of 136.76 to 145.18% on the steel product to offset below-market pricing, according to a PeopleDaily online report which quotes China’s Xinhua news agency. International shipping giant Maersk says it will continue to ship orange roughy caught legally in New Zealand waters while conducting a policy review on sustainable fisheries. A web-based tool has just been launched to help exporters better manage Certificates of Origin documentation. The system not only allows exporters to manage their own certificates, but has added functionality to enable agents, such as freight forwarders and customs brokers, to provide an improved level of service by managing certificates on their client’s behalf. The New Zealand government’s Foundation for Research Science and Technology (FRST) is investing $961,000 in funds to help PEC Fuel Pumps Ltd (PEC) develp its vapour management system — a technology that helps prevent the escape of hydrocarbon-based greenhouse gases at petrol stations. Airlines’ load factors are still at record or near-record highs due to slower rise in capacity while air freight demand rose 26% during the first quarter, according a report by the Shipping Gazette.