In the News

In the News
EU ban on shipping conference gets mixed review
Tuesday, 01 February 2011
Europe’s ban on shipping conferences has led to greater rate volatility, costs and supply chain instability but the true impact of this ban cannot be determined due to the impact from the global economic downturn, according to the Shipping Gazette citing the American Shipper.
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Maersk stops Port Said, Egypt, operations
Tuesday, 01 February 2011
Denmark’s Maersk Line has declared Egypt's Port Said as closed to operations because of rioting afflicting much of North Africa, but most seriously in Egypt.
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Wool packaging for chilled, frozen products
Tuesday, 21 December 2010
The Wool Packaging Company in the UK has come up with an award-winning eco alternative to oil-based insulated packaging for delivering and distributing temperature sensitive goods.
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Mid-East organic products market growing
Tuesday, 21 December 2010
The Middle East’s organic food market, valued at about USD$227 million a year, is growing at a pace of nearly 20%, mainly driven by the rising affinity of the youth population to embrace healthy and natural lifestyles.
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Saudi Arabia to spend NZ$208 bln to spur economy
Tuesday, 21 December 2010
Saudi Arabia says it plans to spend 580 billion riyals (NZD$208 billion) in 2011 as it invests in education and infrastructure to spur growth in the top oil exporter, according to GulfNews.com.
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Tunisia considers allowing private wheat/barley imports
Monday, 20 December 2010
"There is a move towards the liberalisation of the supply of grain, but that will be phased in over the medium term ... maybe over five years at least," said Abd Elaziz Ellili, a departmental chief at the agency, l'Office des Cereales was quoted saying.
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Aussie wine exports hurt by strong currency
Monday, 20 December 2010
The strength of the Australian dollar is hurting Australia’s wine sales in the US and popular wines are being replaced by cheaper product from Argentina as well as flavour-of-the-month labels from New Zealand, according to Stuff.co.nz.
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Food industry concern over packaging cost
Monday, 20 December 2010
Food and drink industry survey participants are cautiously optimistic about 2011, with just over 63% of the respondents bullish about market conditions for the sector.
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FluCard as new storage for mobile devices
Sunday, 19 December 2010
Shaped exactly like the Secure Digital (SD) memory cards now used widely in compact digital cameras, the FluCard comes embedded with WiFi to transmit data to other wireless-enabled devices such as mobile phones, laptops and tablet computers.
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China tells US to relax export controls
Sunday, 19 December 2010
The article, quoting Chinese Commerce Minister Chen Deming, said recently that China hopes the US could relax its control on high-tech products export to China.
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China's machinery/electronics exports worth US$940 bln
Sunday, 19 December 2010
China exported $842.74 billion worth of machinery and electronic products in the first 11 months, up 32.7% from a year earlier, Zhang Yujing, director of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) was quoted saying.
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LA and Long Beach ports on growth spurt
Thursday, 16 December 2010
Through October, the L.A. and Long Beach ports have moved 2.8 million export-carrying cargo containers, up 20% from the same period last year.
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China to lessen barriers for US goods?
Thursday, 16 December 2010
The report also said China has – after two days of high level talks – agreed to lower restrictions on the imports of wind turbines and telecommunications equipment, and other moves, that could lead to a substantial boost in US exports to the world's second-largest economy
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China, Japan consumers support juices, health drinks
Thursday, 16 December 2010
In China, where Datamonitor estimates that soft drinks will grow 14% (CAGR) over the next five years, the market research firm found that healthy drinks are leading lists of new launches.
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Nestle acquires Jenny Craig NZ/Australia
Wednesday, 15 December 2010
The chocolatier and multinational food company said it would acquire, at an undisclosed price, all shares of the group that controls the Jenny Craig franchise in Australia and New Zealand.
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iphone App for Korean lonely hearts by Nabix
Wednesday, 15 December 2010
Launched on November 30 by Nabix, a South Korean developer, the iPhone application "Honey, it's me!" is warming lonely hearts with the voice of "Mina", a 20-something virtual woman.
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Qatar's construction boom ahead of Fifa world cup
Wednesday, 15 December 2010
The government plans to spend close to USD$20 billion on new roads and transport infrastructure over the next five years, and a $36 billion metro system is in the pipeline over the longer term. Qatar is also building an $11 billion airport and a $5.5 billion deepwater seaport, according to Standard Chartered Bank.
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China to sell solar-powered air conditioners to US
Tuesday, 14 December 2010
The air conditioner, independently developed by Gree, mainly uses solar power, using normal electricity only when solar power is inadequate, said Huang Hui, chief engineer of Gree Electric Appliances.
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NZ govt awards $92 mln in R&D funds
Tuesday, 14 December 2010
Announcing grants to 26 companies nation-wide in Christchurch this week, Research, Science and Technology Minister Wayne Mapp said that lifting high-tech export business is critical to New Zealand’s future.
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WTO upholds US import duties on Chinese tyres
Tuesday, 14 December 2010
A panel at the Geneva-based trade group on Monday said it agreed that the US was justified in slapping a 35% tax on Chinese tyres under WTO provisions that let countries protect local industries and workers from sharp increases in Chinese imports.
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