News

Europe's technology to test "fake" fish
Molecular technologies could now be used to foil fishing fraud and boost traceability by determining the origin of even processed products like canned fish, according to MeatProcess.com.
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Global air cargo revenues to rise above US$70 bln
Global air cargo revenues are expected to rise above USD$70 billion for the first time, according to a GulfNews report citing the International Air Transport Association (IATA).
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Maersk shines amidst tough trade for liners
A.P. Moeller-Maersk A/S may be the only shipping line to profit from growing trade between Asia and Europe even as rates reach a two-year low, according to a Bloomberg report
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Quality protein has bright future
The rise of protein as a nutrient that can assist weight management will drive the quality protein market to new heights, according to a new report, according to BeverageDaily.com.
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China's Tianjin city to offer tax rebate zone
Tianjin is joining a number of coastal cities, including Shanghai and Shenzhen, that have announced their plans to set up the country's next tax-rebate zone. That's after the tropical Hainan Island was given the green light to provide tax-refunds on products in April, according to ChinaDaily.com.
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Singapore Airlines plans low-cost carrier in 2012?
Singapore Airlines' (SIA) is to launch a low-cost carrier by next year to compete with competitors already taking chunks out of its premium market, and to stand up against Australia's budget carrier JetStar, which is planning long-hauls to Europe.
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Asia-Europe freight rates fall in April
The average Asia-Europe all-in freight declined 10% in April, according to Container Trades Statistics (CTS), which also revealed that rates on routes to the western Mediterranean, North Africa fell 7.4% and 9% on eastern Med and Black Sea trade lanes, according to the Shipping Gazette.
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Wine packed like perfume to target women
A new wine that targets women through its perfume-like packaging has been singled out by Datamonitor’s Product Launch Analytics (PLA) team as its Innovation of the Week, according to BeverageDaily.com.
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US firm makes colour-changing drink cans
A US ink firm has unveiled a range of new commemorative drink packaging designs with a dramatic visual appeal that are dedicated to members of the US armed forces, according to Packaging International’s website.
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New Zealand taps Indian connection
ExportNZ is increasing its focus on growing opportunities in India by entering a partnership with the India New Zealand Business Council (INZBC).
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Louis Vuitton sneaks into Chinese museum
Louis Vuitton may have lost prime advertising space in China when its giant suitcase was torn down in Shanghai, but it is now wooing customers in the hallowed halls of the national museum in Beijing, according to AFP.
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NZ Heitiki infant formula meets export rules -- MAF
New Zealand's Ministry of Agriculture and Forestry has cleared Heitiki infant formula of food and safety export regulations concerns.
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Hong Kong as testbed for yuan's internationalisation
With $79 billion of yuan deposits as of April 30, Hong Kong is the largest repository for China's currency outside of the mainland, and the only place the yuan is commonly used or traded that is free from Beijing's strict capital controls.
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Super vessels to pressure Asia-Europe freight rates
Aggressive pricing by Ultra Large Container Ship (ULCS) operators threatens Asia-Europe rates this year and next, according to freight and logistics news service IFW.
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NZ grass-fed beef captures Korean taste buds
New Zealand beef is proving to be a breakout success in Korea where a star turn on the menu of the country’s largest food exhibition is helping to overturn the local perception that beef fed on grain is superior.
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