Pacific Tycoon
Blog / Dec 2011
Taiwanese Evergreen Marine Corporation announced this Tuesday that it will be cooperating with CKYH-the Green Alliance next year to provide more sailings between Asia, Northern Europe and the Mediterranean each week. Evergreen ships, which currently stop in around 80 countries at 240 different ports and are major players in the Asia/Europe trade, recently released a [...]
Becoming the 150th member of World Trade Organization has given Vietnam greater access to overseas markets. This is clearer now more than ever as Vietnam produced export turnover of US$94.8 billion as of December 25, 2011. This trade figure is a record-high and an increase of 35 per cent over last year, according to Viet [...]
Top iron ore exporter, Vale S.A., finally received permission to allow one of its new super-ships to complete a maiden voyage to China. The Berge Everest, one of the Brazilian mining corporation’s leading vessels, is now docked in the Northeast Chinese port of Dalian. Prior to this, Vale had endured a six-month-long delay in gaining [...]
BRIC is an acronym that describes the four countries: Brazil, Russia, India and China that are now rebalancing the world economy. This term, coined by Jim O’Neill in 2001, is an exclusive “club” that is currently making an outsize contribution to increase trade, employment and global growth. Even a recent World Bank report has indicated [...]
By all accounts you can bet your bottom dollar that India will achieve the targets that it has set for itself to step out and onto the world stage as a major player. If the news from the port sector is any indicator, which it is, then the country is setting itself up well for [...]
Big earnings from Philippine company International Container Terminals Services Inc. are sparking thirst for more expansions at ports at home and also in developing areas like Africa. Africa alone is a hotbed of economic activity and ICTSI is not the only one that has their sites set for participation in the growth potential there. China [...]
The U.S. state of Florida- with a coastline of 2170 km- naturally makes up one of America’s key shipping hubs. Its proximity to Latin America, and location alongside both the Atlantic Ocean and the Gulf of Mexico, has made Florida a traditional porting destination for ships traversing the Panama Canal. Currently, the Panama Canal is [...]
The United States shows clear signs of returning to some normality. The Bureau of Economic Analysis announced the US growth rate for the third quarter at 2% as well as an improved outlook in the trade sector. Remarkably for a third month running in September, the US has recorded a drop in trade deficits, thanks [...]
India’s 2020 initiative is in full swing. The country continues to upgrade its road, rail and port facilities to meet the increase in demand that is coming from its expanding population. News from each of these sectors is increasing as they push forward to new and higher ground. Port News Krishnapatnam Port is ready with [...]
Apart from being home to one of the world’s fastest growing economies, China boasts some of the largest ports as well. In fact, they are home to the largest. Shanghai port grabbed that accolade again this year, according to government statistics. Shanghai Port China’s financial hub, Shanghai, has remained the world’s busiest container port for [...]
