Germany’s biggest, and the world’s fourth largest container carrier Hapag-Lloyd, has announced it will impose a general rate increase (GRI) of USD$750 per TEU on its Far East westbound services starting from March 1, according to the Shipping Gazette.
U.S. biotech firm Monsanto said in early Feb it does not plan to sell its genetically modified maize MON810 in France this year, nor after, even though the country’s highest court overturned a 3-year ban in November, according to Reuters.
Focus on cost competitiveness by distributors has contributed to a rise in the share of bulk wine exports at the expense of bottled wine shipments, according to a new report from Rabobank’s global Food & Agribusiness Research and Advisory department.
Shanghai will become the global center of yuan trading, clearing and pricing by 2015, in line with a State plan to make the city an international financial hub by 2020, according to ChinaDaily.com.
Starbucks aims to open 50 outlets in India by year’s end, through a 50/50 joint venture with Tata Global Beverages, according to an AP story cited by the NZ Herald.
Jet fuel prices will top the list of challenges facing Qantas and Virgin Australia this year as their single biggest expense hovers well above $US120 a barrel, according to the Sydney Morning Herald.
Shipping lines are running out of options to stop losses as sailing speeds reach their lower limit, exhausting a solution that helped restore profitability in 2010, according to Bloomberg news
The Michael Fay-backed Crafar Farms Purchase Group has vowed to continue to fight against the land from being sold offshore and says today’s decision to approve the farm sale to Shanghai Pengxin Group “sets up open season for foreign buyers”, the NZ Herald reported.
Algerian firm Cevital, the biggest sugar refiner in North Africa, expects to more than double sugar exports this year to 1 million tonnes after fixing technical problems at its main transport hub, according to TradeArabia, citing a Reuters report.
From its humble origins selling coathangers out of his Cambridge garage 30 years ago, his firm – Sistema – has grown to the point where it employs more than 300 staff and holds an 80 per cent share of New Zealand’s food storage market, and 44 per cent of Australia’s.
Southern exporters are being cautioned to plan ahead for shipping space with the likelihood major shipping lines will again not be offering unscheduled vessel visits to take pressure off peak season loads, according to Otago Daily Times.
New Zealand’s children clothing manufacturer Pumpkin Patch is likely to close its UK retail business after appoint administrators to review its 36 stores in Britain.
Walt Disney Co is on track to open its first store in China in fall 2012 and is committed to opening from 25 to 40 stores in the most populous country during the next three years, according to ChinaDaily.com.
The Australian and US food safety authorities have banned the import of orange concentrate containing residues of a synthetic fungicide carbendazim. How the NZ Food Safety Authority has no similar plan.
Exporters are not doing enough to take advantage of the booming Chinese marketplace, according to a NZ Herald report quoting BNZ chief economist Tony Alexander.
A New Zealand Trade and Enterprise study has revealed that the New Zealand natural products industry has exceeded $1 billion in revenue, according to Scoop.co.nz.
Fonterra has attacked proposed changes to raw milk regulations, saying profits will head overseas and it will hinder, rather than help, New Zealanders get access to affordable milk, according to the Otago Daily Times.
India, the world’s biggest consumer of bullion, increased import duties on gold and silver, potentially cooling demand from jewellery buyers and investors, according to GulfNews.com.
The International Monetary Fund said it would seek up to $US500 billion in new financial firepower as the European debt crisis increasingly threatens the global economy, according to the Sydney Morning Herald.
Fonterra says it has broken its own record for the highest export month, helping to boost New Zealand’s economy by $1.3 billion last month, according to the NZ Herald.
Germany’s biggest, and the world’s fourth largest container carrier Hapag-Lloyd, has announced it will impose a general rate increase (GRI) of USD$750 per TEU on its Far East westbound services starting from March 1, according to the Shipping Gazette.
Focus on cost competitiveness by distributors has contributed to a rise in the share of bulk wine exports at the expense of bottled wine shipments, according to a new report from Rabobank’s global Food & Agribusiness Research and Advisory department.
Shanghai will become the global center of yuan trading, clearing and pricing by 2015, in line with a State plan to make the city an international financial hub by 2020, according to ChinaDaily.com.
Jet fuel prices will top the list of challenges facing Qantas and Virgin Australia this year as their single biggest expense hovers well above $US120 a barrel, according to the Sydney Morning Herald.
Shipping lines are running out of options to stop losses as sailing speeds reach their lower limit, exhausting a solution that helped restore profitability in 2010, according to Bloomberg news
The Michael Fay-backed Crafar Farms Purchase Group has vowed to continue to fight against the land from being sold offshore and says today’s decision to approve the farm sale to Shanghai Pengxin Group “sets up open season for foreign buyers”, the NZ Herald reported.
Algerian firm Cevital, the biggest sugar refiner in North Africa, expects to more than double sugar exports this year to 1 million tonnes after fixing technical problems at its main transport hub, according to TradeArabia, citing a Reuters report.
From its humble origins selling coathangers out of his Cambridge garage 30 years ago, his firm – Sistema – has grown to the point where it employs more than 300 staff and holds an 80 per cent share of New Zealand’s food storage market, and 44 per cent of Australia’s.
Southern exporters are being cautioned to plan ahead for shipping space with the likelihood major shipping lines will again not be offering unscheduled vessel visits to take pressure off peak season loads, according to Otago Daily Times.
New Zealand’s children clothing manufacturer Pumpkin Patch is likely to close its UK retail business after appoint administrators to review its 36 stores in Britain.
Walt Disney Co is on track to open its first store in China in fall 2012 and is committed to opening from 25 to 40 stores in the most populous country during the next three years, according to ChinaDaily.com.
The Australian and US food safety authorities have banned the import of orange concentrate containing residues of a synthetic fungicide carbendazim. How the NZ Food Safety Authority has no similar plan.
Exporters are not doing enough to take advantage of the booming Chinese marketplace, according to a NZ Herald report quoting BNZ chief economist Tony Alexander.
A New Zealand Trade and Enterprise study has revealed that the New Zealand natural products industry has exceeded $1 billion in revenue, according to Scoop.co.nz.
Fonterra has attacked proposed changes to raw milk regulations, saying profits will head overseas and it will hinder, rather than help, New Zealanders get access to affordable milk, according to the Otago Daily Times.
The International Monetary Fund said it would seek up to $US500 billion in new financial firepower as the European debt crisis increasingly threatens the global economy, according to the Sydney Morning Herald.
Fonterra says it has broken its own record for the highest export month, helping to boost New Zealand’s economy by $1.3 billion last month, according to the NZ Herald.
