News

Port of Tauranga among top 10 fastest handlers of containers in world
The Port of Tauranga is in the top 10 of the world's ports for the speed of handling containers and has been hailed the best performing port in New Zealand.
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China sees largest trade deficit in a decade
China recorded a trade deficit of USD$31.48 billion in February, the largest in a decade, as import growth far outpaced exports, according to China Daily News.
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Australia's Tasmanian farmers may be left out of food export market
Tasmania is in danger of missing the growth in global demand for food due to the pressures on exports as a result of high freight costs, a strong dollar and compliance with government regulations, according to The Mercury.
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Australia rakes it in from iron ore and coal exports
The resources boom delivered Australia a record AUD$190 billion pay cheque in 2011, despite market jitters causing commodity prices to slide late in the year, according to The Age.
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Australian Facebook, Twitter users trust Wiki more
Australians' love affair with Facebook and Twitter has not translated into a love of the brands active on those sites with only 18 per cent of people rating social media as a reliable place for company information, according to The Age.
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Small is beautiful for European car manufacturers
European automakers have downsized SUVs and put all the luxury they can into premium subcompacts as they seek to dazzle consumers back into confidence after years of crisis, according to GulfNews.
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More ships shun Auckland port as strike crisis escalates
At least six more ships are expected to shun Auckland before Sunday as the country's largest container port lies crippled from the early days of a three-week strike, the NZ Herald reported.
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NZ's future in green exports
A government-appointed advisory group has recommended the New Zealand government should develop “a fact-based narrative” of the nation’s “clean green” reputation to help exporters and other businesses secure deals abroad, according to Livetradingnews.com.
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Who is Asia's richest man?
Mukesh Ambani is Asia's richest person with a net worth of USD$26.8 billion even after his shares in India's top company by market value slid 18 per cent over the past 12 months, according to GulfNews.
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Global shipping industry in one of its "deepest lulls"
Global shipping is in one of its "deepest lulls in a long time" from which it could take years to recover, head of BP Shipping John Ridgway was quoted saying in a report by Stuff.co.nz.
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Washington gets funding to promote peach exports
Washington will receive financial support from the federal government in the US to support peach exports this year. The Washington Stone Fruit Commission has received US$250,000 to promote first time exports of peach, nectarine, apricot and jam, according to a report in Fresh Plaza.com.
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Shipping lines sailing into a year of "crisis"
Lack of funding, oversupply and poor freight rates are going make 2012 a “crisis” year for the shipping industry, says Andrew Broomhead, CFO of Hong Kong's largest operator of dry-bulk vessels Pacific Basin, according to CNBC.
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Middle East airlines on double-digit growth path
Middle East airlines recorded double-digit traffic growth in January, posting a 14.5% increase which is by far the largest rate of growth for any region in the world and represents a return to the rates experienced in 2010, according to Arabian Aerospace.
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Nissan to revive Datsun brand?
Nearly three decades ago, Nissan Motor Co. phased out the Datsun brand that had built a following around the world among buyers of small, inexpensive and sporty cars. Now, it is thinking of bringing it back, according to the Wall Street Journal.
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Adidas gets warning for price-fixing in Japan
Adidas said it would step up its compliance efforts in Japan after its unit there received a warning from the Fair Trade Commission saying it unlawfully pressured retailers to stop them from offering discounts on Reebok EasyTone sneakers, according to a Reuters report.
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