Pacific Tycoon
Blog / Jan 2012
An interesting development has taken place during the 4th Annual Mediterranean Freight Conference recently. Leading port operators in the region, APM Terminals have been taking a leading role in addressing the critical issues facing the transportation industry in and around the major Mediterranean trade routes. With more than 60 ports and 132 inland facilities in [...]
Singapore’s shipping industry is well in the forefront given recent news. Statistics were recently released that showed the Port of Singapore’s impressive growth despite the downturn of the economy. The port’s container throughput in 2011 totaled 29.9 million Twenty-Foot Equivalent Units (TEUs). Given the port’s total TEU throughput in 2010 of 28.4 million, the new [...]
Hong Kong was judged the world freest economy once again and retained its position as a leader in economic freedom for the last 18 years by the World Heritage Foundation. Economic freedom can be interpreted as total income level of the population increasing, enabling them to have opportunities. Singapore meanwhile retained its second spot for [...]
The Port of Shanghai appears poised to retain its standing as ‘the world’s busiest container port’ once 2011 statistics are revealed. After surpassing the Port of Singapore in 2010 by handling 29.07 million 20-foot equivalent units (TEU), the Port of Shanghai recently moved it’s 30th million TEU of 2011 on December 23. Official yearly statistics [...]
Some good news finally has emerged from the euro zone this evening. The breaking news on CNN is of Germany recording a GDP growth of 3% in 2011. The good news is that this, the largest EU economy, was driven predominantly by domestic consumption, indicating improving consumer sentiments. Consumer sentiments can change but interestingly enough [...]
China’s General Administration of Customs recently revealed the nation’s 2011 trade figures. The numbers show that China’s exports in 2011 rose 20.3% from the previous year’s total. The $1.89 trillion worth of exports amounted to roughly a $155 billion trade surplus, as China’s imports totaled $1.74 trillion- a 24.9% increase from 2010. Statistics for the [...]
Taiwan’s imports and exports from last year remained solid despite the downturn of the global economy. According to statistics released by the Taiwan Ministry of Finance (MOF), the country generated the third highest trade surplus in its history with a tally of $26.69 billion. Exports totaled $308.3 billion, a growth of 12.3 percent from 2010, [...]
The fast development of China and India, the two most populous countries in the world, have driven an unprecedented commodities boom in 2011. Their thirst for earth’s resources have boosted trade and reversed capital flow into resource rich countries. The sums invested by global mining giants have run into the billions and this has transformed [...]
Oman Shipping Company (SAOC) has added a Very Large Crude Carrier (VLCC) to its fleet of shipping vessels. The new ship named the DABA has a length of 333 meters, and a deadweight tonnage of 317,000 tons, allowing for plentiful cargo space. SAOC took delivery of the DABA this past Friday in Ulsan, South Korea [...]
The chief executives of BP, ConocoPhillips, and Exxon Mobil, all met with Alaska Governor Sean Parnell on Thursday to discuss the possibility of exporting Alaska’s North Slope natural gas to Asia. A long planned proposal to build a pipeline from the North Slope into Canada has recently lost traction. The intended pipeline would have shipped [...]
