In the News

In the News
IATA revise airline profits up, recovery tentative
Wednesday, 22 September 2010
The International Air Transport Association (IATA) on Tuesday more than tripled its forecast for airline industry profits this year as demand picked up but warned earnings would ease back next year, according to the Sydney Morning Herald.
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International chamber defines new Incoterms
Wednesday, 22 September 2010
THE International Chamber of Commerce (ICC) has published revisions to its international commercial terms, also known as Incoterms, that will go into effect on January 1, according to the Shipping Gazette.
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China's new intermodal centre in Qindao
Wednesday, 22 September 2010
China Rail has opened a new intermodal centre at Jiaozhou city to enhance the container services to and from the port of Qingdao and other harbours to the eastern Province of Shangdong, according to the Shipping Gazette.
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Tea beats recession especially in Eastern Europe
Wednesday, 22 September 2010
The report said Eastern Europe stood out as a region for the tea market. From 2004 until 2009 tea sales grew at a CAGR of 15.1 %, taking value sales up from €1980.5 million (NZD$3563 million) to €4003.4 million. The market is expected to continue on an upward path and reach €5050.4 million by 2014.
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Christmas as battleground for tablets, mobile devices
Monday, 20 September 2010
Samsung is expected to announce shortly that it will offer its seven-inch tablet, the Galaxy Tab, to Australia’s Telstra customers on a plan at a vast reduction on the $1000 it retails at, competiting headon with Apple's iPad.
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World trade seen growing at 13.5% in 2010
Monday, 20 September 2010
The World Trade Organisation on Sept 20 raised its trade growth projection for 2010 to 13.5% based on ‘faster than expected recovery', according to GulfNews.com.
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First half of 2010 sees record $31 mln in angel investments
Monday, 20 September 2010
The first half of 2010 has seen record high levels of angel investment activity with more than $31 million invested by angel investors into young companies, according to the latest Young Company Finance Index.
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Cathay buys 30 new Airbus planes
Monday, 20 September 2010
Cathay Pacific has concluded a purchase agreement with Airbus for the delivery of 30 new A350-900s for HK$60.8 billion (NZD$10.8 billion) with the first of the aircraft to be delivered in 2016, according to the Shipping Gazette.
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NZ lamb more sustainable than Welsh rival
Monday, 20 September 2010
Marks and Spencer director of store development Richard Gillies told a recent conference in London that different feeding regimes meant New Zealand lamb was more "sustainable" than Welsh lamb.
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US steps up agriculture push with Shenyang office
Monday, 20 September 2010
The opening of this Agricultural Trade Office on mainland China marks USDA's expansion into the dynamic hub of northeast China and reflects the Administration's National Export Initiative, which aims to double American exports in the next five years.
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New NZ pear with Asian heritage hits market
Monday, 20 September 2010
Bred by Crown Research Institute Plant & Food, the new pear - or cultivar - is known for the time being as PremP109. And it is an apple pear, a term increasingly used in the US. It is a cross between a Chinese and a Japanese pear and it is hoped it will have strong consumer appeal in global fruit markets abroad.
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UPS offers new fast US-Japan ocean freight service
Monday, 20 September 2010
UPS has started offering a new ocean freight service that promises up to 20% faster door-to-door delivery than other less-than-container-load (LCL) services on the market, according to the Shipping Gazette.
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Shipping lines' freight rate growth to slow down in 2011
Thursday, 16 September 2010
Shipping lines are expected to incur slower freight rate growth next year compared to this year, according to TransportWeekly.com. Container traffic would grow 12% in 2010 but only 6% in 2011.
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Swedes turn to organic, additive-free and high fat products
Thursday, 16 September 2010
More and more Swedish consumers are switching from low-fat to high-fat products in order to lose weight, picking up on a trend that was noticeable several years ago, but that has since accelerated.
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Clean labels attract German, French buyers
Thursday, 16 September 2010
Consumers in Germany and France are more likely to respond to positive clean label terminology on food products than ‘free-from’ claims that are popular in the UK, according to FoodNavigator.com.
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Probiotics to be a US$28 bln market - GIA
Wednesday, 15 September 2010
Global Industry Analyst (GIA) estimates that the global probiotics market will be worth USD$28.8 billion (NZD$39.34 billion) by 2015, even though the market is still considered to be in infancy, according to NutraIngredients.com.
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Fonterra expands UHT milk facility in Auckland
Wednesday, 15 September 2010
Fonterra has completed an NZ$8 million investment in its UHT milk processing facilities in Auckland in a bid to meet growing demand in Asia and the Pacific, according to DairyReporter.com.
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Fisher & Paykel develops breakthrough fridge technology
Wednesday, 15 September 2010
Iconic Kiwi whiteware manufacturer Fisher & Paykel Appliances has made an internationally significant breakthrough in fridge technology which could cut refrigerator power use by a third.
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US companies complete gene mapping of 2 cocoa trees
Wednesday, 15 September 2010
The report said researchers from food-maker Mars, technology giant IBM, several universities and the US Department of Agriculture (USDA) have almost completely sequenced the genome of the Forastero cacao tree, which accounts for 80-90% of the world's cocoa production.
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Daimler, Renault, Nissan team up for electric car market share
Wednesday, 15 September 2010
Carmakers Daimler, Renault and Nissan are redoubling their electric cars effort in the race for market share in a world of tighter emission rules, according to GulfNews.
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