In the News

Airlines chop on freighter fleets may lead to supply shortage
SIXTY-NINE per cent of those polled by London's International Freighting Weekly said more carriers are likely to follow Japan Airlines' (JAL) decision to scrap their freighter fleets and restrict cargo to passenger bellyholds.
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China slaps anti-dumping duty on imported nylon
China has decided to impose anti-dumping tariffs on Nylon 6, or polycaprolactam, imported from the United States, the European Union, Russia and the Taiwan region.
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Hapag-Lloyd to raise rates from Indian subcontinent
Hapag-Lloyd will implement a general rate increase for cargo moving on its services from the Indian Subcontinent and Southeast Asia to New Zealand. Effective May 1, the planned increase will be US$300 (NZ$421) per 20-foot equivalent unit.
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Germany to double renewable resources spend by 2020
Germany’s annual investment in renewable energy will be doubled to 28 billion euros (NZ$52.7 billion) by 2020, and the industry will become a main creator of jobs and an investment growth point.
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UAE puts US$350 billion civil construction projects on hold
A total of 111 projects valued at more than $14 billion have been cancelled in the UAE and $350 billion of civil construction projects have been put on hold due to the recession.
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First trial run of Shanghai Expo draws 200,000
Organisers said 70% of Expo pavilions and facilities participated in Tuesday's trial opening. Security checks at the entrances had to be canceled to disperse the long lines of visitors, who might otherwise have had to wait hours to pass through X-ray scans of their hand luggage.
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Food sector seen embracing smart tags
Sales of smart tags and labels such as radio frequency identification (RFID) devices will experience the fastest gains among food safety products, driven by their ability to providing traceability throughout the food supply chain, according to Foodproductiondaily.com.
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Getting the right formula for group incentive travel
 
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Pack to survive, pack to save
 
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Chinese have huge appetite for luxury brands
Chinese consumers are buying an estimated $7.5 billion (NZ$1.56 billion) per year of luxury products and the market is growing 15% annually.
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British food watchdog wants less fatty, sugary food for consumers
The British Food Standards Agency wants food manufacturers to reduce the amount of saturated fat and sugar, and make smaller single size portions of in a number of key foods – biscuits, cakes, buns, chocolate confectionery and soft drinks.
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UK's Tesco to launch clothes for youth market
The F&F Trend has been developed in response to the increased desire for fashion-forward clothes that don’t break the bank, according to the Financial Times.
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NZ perishable goods to EC under risk due to Iceland volcanic eruption
Exporters most at risk are those with perishable products such as seafood, flowers, or even high value time-sensitive exports such as high tech products, according to Catherine Beard, Executive Director of Export New Zealand.
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Singapore govt to allow gradual appreciation of SGD$
Singapore has moved to allow a gradual appreciation of the Singapore dollar due to a stronger than expected recovery in the economy and the threats of inflation.
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China expects trade surplus to shrink, Q1 imports up 65%
In the first quarter of 2010, China's exports grew almost 29% year-on-year to $316.17 billion, while imports surged nearly 65% to $301.7 billion. During the first quarter of this year, China’s trade surplus was $14.5 billion, around 77% lower than that of the first quarter of 2009.
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Honda to lease eco bike in Japan soon
Hobda plans to lease the scooters instead of selling them and hopes to set a price that will cost less than a regular bike over three years, including gas prices — a range that would be about ¥600,000 (NZD$9,000) to ¥800,000 (NZD$12,000) each.
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UK enforces new regulation for fish supply
The regulations will ensure that purchasers know exactly what they are buying, whether the fish was caught at sea, in inland waters or was farmed and, if caught at sea, in what sea area.
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DHL eyes growing Middle East, Asia trade
The life science and chemicals, fashion, automotive and electronics sectors account for over 60% of ocean freight exports from Egypt into North Asia Pacific.
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Wearing NZTE’s badge of honour
 
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Keeping MAF happy, making customers happy
 
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