China's Ship Export Experienced a Slump in 2012 | China Import …
In 2012, China s ship exports amount to 36.127 billion U.S. dollars, down by 13.4%, and the export volume was 2,748,300 ships, a year-on-year decrease of 3.9%. And the average export price reached $ 13,100 / vessel, a year-on-year decline of 9.9%.
Calculated by the turnovers of exports, Hong Kong, Singapore and Panama were the top three export destination of China s ship industry. From January to November 2012, China s exports to Hong Kong, China amounted to $ 9.316 billion, down by 3.6%; exports to Singapore amounted to $ 5.329 billion, down by 0.3%, while the exports to Panama reached $ 2.557 billion, a year on year decline of 3.7%. Among them , Hong Kong s market share increased from to 25.1% (from January to November 2011) to 27.3% (from January to November) ;likewise? Singapore s market share increased from 13.9% to 15.6% ; and the Panamanian market share increased from 6.9% to 7.5% over the same period.
From January to November 2012, China had made a total of $ 26.516 billion ship export in its top ten export markets, accounting for 77.8% of the overall ship export. Export destination countries and regions ranked from the fourth to tenth were Liberia, South Korea, the Marshall Islands, Germany, Malta, the Netherlands and Cyprus respectively.
Winterruption, Talking Stick Festival & Food Truck Fest – Weekend …
This Saturday is your last chance to check out the February Food Truck Fest at the Vancouver Winter Farmers Market. Also: Winterruption 20131!
- Winterruption Festival on Granville Island 2 The annual Winterruption Festival is an all-ages arts festival that includes theatre, live music, food, and local and international arts. The mix of free and ticketed events include several foodie events, kids’ theatre, art walks, open art studios, and live music from Coastal Jazz and Blues Society. Runs Friday, February 22 – Sunday, February 24.
- Talking Stick Festival3 The annual Talking Stick Festival is a celebration of Aboriginal performance and art, featuring music, dance, theatre, visual art and storytelling. Runs through Sunday, March 3.
- February Food Truck Fest at the Vancouver Winter Farmers Market4 The Winter Farmers Markets (outside Nat Bailey Stadium) doubles its food carts–hosting 18 total–for this food truck fest, which includes covered seating and live music. Happens Saturday, February 23.
References
- ^ Winterruption 2013 (vancouver.about.com)
- ^ Winterruption Festival on Granville Island (winterruption.com)
- ^ Talking Stick Festival (www.fullcircleperformance.ca)
- ^ February Food Truck Fest at the Vancouver Winter Farmers Market (www.eatlocal.org)
Drought pushes up Australian meat exports | Otago Daily Times …
Australian lamb and mutton exports surged last month, with lamb increasing 45% year-on-year to 15,200 tonnes and mutton up 79% on the previous January to 12,800 tonnes.
In January, there were also record beef exports from Australia (55,147 tonnes) as a result of increased supply from sustained dry conditions, the latest Rabobank agribusiness monthly for February showed.
In New Zealand, total sheep meat exports for December increased 51% on the previous December to 35,157 tonnes, driven by record export volumes to China, which increased threefold to 11,053 tonnes.
However, reflecting the weak state of the major export markets, overall returns ($234 million) increased 4% year-on-year with the average export value in December settling at $6.66kg freight on boat (FOB) – the lowest average return per kg since September 2008.
Lamb prices have continued to ease since the beginning of December, underpinned by dry conditions and tightening feed supply, as well as sluggish returns from export markets.
North Island lamb prices averaged 464c/kg at the start of February, 33% lower than a year earlier, while South Island lamb prices fell 29%, averaging 466c/kg.
December wool exports were 25% larger year-on-year at 8300 tonnes, bringing the cumulative seasonal total to 57,500 tonnes (clean), a 17.4% increase year-on-year.
The value of all wool exports for the 2012-13 season declined 15% year-on-year, driven by lower fine and coarse crossbred wool export prices.
Average export values during December for venison hit a five-year low, with returns settling at $10.31 kg FOB.
New Zealand beef exports during December increased 17% year-on-year and remained relatively steady on the five-year December average, at 32,831 tonnes.
Underpinning the growth was an increase in shipments to the US (15,757 tonnes), which jumped 29% on the previous December, with ongoing tight US domestic supplies supporting demand for New Zealand product.
New Zealand milk production was around 5% higher this season to date but dry weather was taking its toll in the North Island, with production now falling significantly.
Milk flows were expected to start falling behind the previous year on a monthly basis from February onwards.
The detection of dicyandiamide (DCD) in New Zealand dairy products had created headlines globally. While not a health risk, the uncertainty for consumers and the need for testing regimes and regulations worldwide would take some time to address, the report said.
The BNZ’s latest Rural Wrap said many parts of the North Island were still dealing with dry conditions and it was hurting pastoral farming in particular.
Trans Net LLC – Dubai freight forwarders
Trans Net LLC is your Single Source Logistics Provider in the Middle East with the headquarters based in Dubai, the UAE.
We specialize in freight forwarding services: Single Logistics Solutions in the UAE and GULF, Project Cargo Handling, Air Chartering, Freight Operations in the most challenging emerging markets (Africa, CIS countries) and Conflict Zones (Afghanistan, Iraq & others).
Trans Net is an experienced Neutral Freight Forwarder from/to/across CIS and Caspian Region for Oil and Gas, Mining, Industrial and Energy Industries.
February Food Truck Fest – Inside Vancouver Blog
Photo credit: Yolk s Breakfast Food Truck
Attention Vancouver eaters. Although Street Food City II 1has just ended, Vancouver s food trucks just keep on trucking collaborating on more exciting opportunities for diners in search of food cart pods.
Vancouver Farmers Markets2 is hosting its first ever February Food Truck Fest3. All February, you ll find double the usual number of food trucks at the Winter Farmers Market4, held Saturdays from 10am to 2pm at Nat Bailey Stadium5.
Buttermilk pancakes and maple whipped cream from Yolk s Breakfast6. Panko-breaded fish and Kennebec chips from Feastro7. Fig and chickpea tagine from Ze Bite8. Comforting congee from JJ s9. Try them all and weigh in.
February Food Truck Fest is a food truck audition. Vancouver Farmers Market shoppers are invited to vote10 on their favourite food trucks and the most popular will be invited to join the roster as regulars at the busy summer markets. There are two categories to vote on: Best Market Menu Item and Best of the New Recruits.
Get the full list of participating food trucks after the jump.
Participating Food Trucks at February Food Truck Fest
- Yolk s Breakfast:11 Irresistible locally-sourced breakfast/brunch options including bennys, buttermilk pancakes, fried chicken waffles and truffle hash brown skewers.
- Blue Smoke BBQ:12 Blue Smoke s tag line is Low and Slow on the Go because their pork is smoked for almost 16 hours.
- Chilitank: 13 The best mobile chili tank in town! Try chili served hot from a 1943 military soup kitchen.
- Cr perie La Boh me: Sweet and savoury buckwheat crepes served on-site from a charming gypsy caravan.
- Slavic Rolls: 14Slavic Rolls offers a great tasting pastry, made fresh in front of customers.
- Eli s Serious Sausage:15 Eli serves up premium sausages handmade with B.C. pork and all natural ingredients.
- Feastro The Rolling Bistro: 16Feastro is the famous purple truck with the award winning seafood tacos, fish & chips, salads and chowders.
- Vij s Railway Express: 17Celebrity chef Vikram Vij s latest venture brings his creative Indian cuisine to the streets.
- JJ s Trucketeria: 18The brightest yellow food truck you ve seen yet, serving seasonal creations made from scratch with a unique cultural mix of flavours.
- Le Tigre:19 Chinese street food with a West Coast concept.
- Old Country Pierogi:20 Old Country Pierogi serves homemade pierogies (regular and gluten-free!) with sweet and savoury fillings.
- Pig on the Street: 21Bacon. Bacon. Bacon. And sustainability.
- Taser Grilled Cheese:22 Serving upgraded and innovative takes on an old favorite.
- The Kaboom Box:23 The Kaboom Box is dedicated to local and sustainable food. They specialize in salmon and oysters and also make a mean poutine with gravy made from local mushrooms.
- Transylvania Fresh: Delicious homemade pork-stuffed and vegetarian cabbage rolls.
- Ze Bite24: Vancouver s premier French cuisine food truck featuring delicious stews and specialty sandwiches made from scratch with locally sourced ingredients.
Vancouver Winter Farmers Market takes place Saturdays 10am to 2pm at Nat Bailey Stadium 4601 Ontario Street. There will be covered seating and live music for February Food Truck Fest.
Want more updates on Vancouver fun? Follow me on Twitter @TJerven25
References
- ^ Street Food City II (www.insidevancouver.ca)
- ^ Vancouver Farmers Markets (www.eatlocal.org)
- ^ February Food Truck Fest (www.eatlocal.org)
- ^ Winter Farmers Market (www.eatlocal.org)
- ^ Nat Bailey Stadium (goo.gl)
- ^ Yolk s Breakfast (yolks.ca)
- ^ Feastro (www.feastro.ca)
- ^ Ze Bite (www.zebite.ca)
- ^ JJ s (www.facebook.com)
- ^ invited to vote (www.eatlocal.org)
- ^ Yolk s Breakfast: (yolks.ca)
- ^ Blue Smoke BBQ: (www.bluesmokebbq.ca)
- ^ Chilitank: (www.chilitank.com)
- ^ Slavic Rolls: (www.facebook.com)
- ^ Eli s Serious Sausage: (www.eateli.com)
- ^ Feastro The Rolling Bistro: (www.feastro.ca)
- ^ Vij s Railway Express: (www.vijsrailwayexpress.com)
- ^ JJ s Trucketeria: (www.facebook.com)
- ^ Le Tigre: (www.letigrecuisine.ca)
- ^ Old Country Pierogi: (www.oldcountrypierogi.com)
- ^ Pig on the Street: (www.pigonthestreet.com)
- ^ Taser Grilled Cheese: (tasersandwiches.com)
- ^ The Kaboom Box: (www.thekaboombox.com)
- ^ Ze Bite (www.zebite.ca)
- ^ @TJerven (twitter.com)
Asia dominates emerging logistics hubs list | Asian Shipping-Freight …
Even though global economic doldrums slowed emerging markets in 2012, they continue to elicit strong enthusiasm from trade and logistics professionals in 2013, as the outlook for the United States and Europe remains uncertain, according to the 2013 Agility Emerging Markets Logistics Index.
Seventy-three percent of those surveyed feel prospects for emerging markets in 2013 are good or very good. The figure is about the same percentage as a year ago, but the number who feel very good is up sharply, to 22 percent from 14 percent.
The index, now on its fourth year, looks at the world s most dynamic economies and the forces powering them. It ranks 45 major emerging markets and identifies the attributes that make them attractive for investment by logistics companies, air cargo carriers, shipping lines, freight forwarders, and distribution property companies.
The so-called BRIC countries of Brazil, Russia, India, and China remain the most dominant emerging markets. For the second consecutive year, the surveyed ranked the four as the most likely to emerge as logistics hubs over the next five years.
However, the index points to underlying weaknesses in each. China confronts rising labor costs, a skills shortage, and a growing gap in income disparity. India s weak infrastructure and bureaucracy threaten its prospects; Brazil s export sector is slowing; and Russia remains overly dependent on energy and resources exports.
The index survey also puts six rising star markets on the map alongside the BRIC nations: Indonesia, Turkey, Vietnam, Mexico, United Arab Emirates (UAE), and South Africa all rank in the top 10 perceived major logistics markets of the future as well as in the top 10 markets for potential investment in the next five years.
Saudi Arabia, Indonesia, UAE, Malaysia, Mexico, and Turkey all finished in the top 10 overall index rankings. Turkey broke into the top 10 for the first time.
While BRIC nations remain favorites, non-BRIC Asia markets make a strong showing as emerging logistics hubs. Of the 20 countries viewed as having the most potential, Asia dominates Indonesia, Vietnam, Bangladesh, Thailand, Malaysia, and Pakistan all ranked highly. Indonesia moved up five places from the 2012 Index to finish No. 5 behind Russia. Thailand jumped to 14th from 29th, and Bangladesh rose to 12th from 25th.
Those surveyed were most optimistic about trade within Asia. The intra-Asian trade lane was ranked by respondents as having the most potential for growth of any emerging market-based lane for 2013.
References
Goldman, UBS On China Data Discrepancy – Business Insider
Daniel Goodman / Business Insider
Jan. 14 (Bloomberg1) — China s unexpected surge in exports last month renewed concern from analysts at Goldman Sachs2 Group Inc., UBS3 AG and Australia & New Zealand Banking Group Ltd. that statistics from the nation can be unreliable.
The 14.1 percent jump from a year earlier was the biggest positive surprise since March 2011, according to data compiled by Bloomberg. The increase didn t match goods movements through ports and imports by trading partners according to UBS, while Goldman Sachs and Mizuho Securities Asia Ltd. cited a divergence from overseas orders in a manufacturing index.
Smaller trade gains could signal a less robust recovery from a seven-quarter slowdown just as Australian Treasurer Wayne Swan says the economic rebound is a sign of improving global demand. Accurate statistics from the world s second-biggest economy are increasingly important for domestic and foreign investors and for China s government, ANZ s Liu Li-Gang says.
China s influence on the global economy has become bigger, so not only Chinese policy makers but also business people and the rest of the world need better data, said Liu, Hong Kong- based chief economist for Greater China, who formerly worked for the World Bank4. Unreliable data could have a negative impact on resource allocation and business planning.
The Beijing-based customs administration, which reported the December trade figures on Jan. 10, said it couldn t immediately respond to a faxed request from Bloomberg News for comment on the banks skepticism.
The Shanghai Composite Index, China s benchmark stock gauge, rose 0.1 percent as of 10:01 a.m. local time.
Economy Stabilizing
China s economic growth may have recovered to 7.8 percent in the fourth quarter from a year earlier, after sliding to a three-year low of 7.4 percent in the previous period, according to the median estimate in a Bloomberg News survey ahead of the data release on Jan. 18.
Evidence that China s economy appears to be stabilizing is one cause of optimism that global demand will improve this year, Swan said in his weekly economic note yesterday. China is Australia s largest export market.
The median forecast for China s December exports in a Bloomberg survey of 40 economists was for a 5 percent gain, with the highest estimate at 9.2 percent, after November s 2.9 percent growth. Goldman Sachs, ranked by Bloomberg as the most accurate forecaster for the indicator, projected a 7 percent rise.
The increase, which was the biggest since May, could indicate exporters rush to finish year-end orders and government pressure to report exports before the end of the year to reach the government s 2012 target of 10 percent growth, Shen Jianguang, Mizuho s Hong Kong-based chief Asia economist, said in a Jan. 10 note.
Rushed Shipments
It is possible that local governments may have tried to boost exports data by either making round trips in special trade zones or by exporting earlier than otherwise in an attempt to improve the annual exports data, Goldman Sachs Beijing- based economists Yu Song and Yin Zhang wrote the same day.
Rushed shipments and even faked exports to secure tax refunds may have contributed to the stronger growth data, according to Alistair Thornton and Ren Xianfang, Beijing-based analysts at IHS Inc.
UBS economists led by Hong Kong-based Wang Tao pointed to a quite obvious discrepancy in the growth of China s exports to Taiwan and South Korea and those economies reported imports from China in recent months, even as historically they have tracked each other well.
Export Index
A sub-index tracking new export orders as part of the government s manufacturing purchasing managers index was at 50 in December, the dividing line between expansion and contraction and down from 50.2 in November.
Elsewhere in the Asia-Pacific region, a private gauge of Australian inflation advanced in December on costlier gasoline, travel and rent while home-loan approvals unexpectedly fell in November for the first time in four months.
The Indian wholesale-price index probably climbed 7.37 percent in December from a year earlier, a Bloomberg survey showed.
In Europe, a report may show euro-area industrial production fell in November from a year earlier for a 13th month, according to a Bloomberg survey.
ANZ s Liu and colleague Louis Lam published research last week that underscored doubts about the quality of China s economic data. They found that quarterly GDP, industrial production, fixed-asset investment and inflation data published in percentage terms failed to conform to Benford s Law, which holds that in any series of numbers certain patterns will be found only if the statistics are naturally generated.
WikiLeaks Cable
Li Keqiang, who may succeed Wen Jiabao as premier in March, was quoted in 2007 as saying he watched figures on power, rail cargo and loans because gross domestic product numbers were man-made. Li s remarks were in a U.S. diplomatic cable published by WikiLeaks5 in late 2010.
After China s statistics bureau reported third-quarter GDP in October, Standard Chartered6 Plc analysts said the 7.4 percent increase was too good to be true when compared with the slowdown in electricity production and the readings of a manufacturing index, while London-based Capital Economics Ltd. said its own analysis indicated expansion of about 6.5 percent.
Some trading companies are turning to transportation providers like Shenzhen Global Express Logistics Ltd. for help in shipping goods through so-called bonded zones to claim export tax rebates or charge higher import prices for goods without them physically leaving the country.
One-Day Tour
Shenzhen Global offers customs clearing and other freight services including a one-day tour, Lin Yongtai, a manager with the company in the city bordering Hong Kong, said in a telephone interview.
For a fee of 1,000 yuan ($161) per vehicle per day, the company will drive trucks into warehouses in bonded zones, where cargo must clear customs, so that businesses can obtain a refund of value-added tax on the export of their products or boost sale prices for goods that carry the cachet of being imported.
A poor villager can boast he has thousands of yuan of turnover every day, but people later discover he only has one bull — he takes the bull out every morning and brings it back every evening, Lin said. The same applies to some parts of China s foreign trade.
Such practices aren t unknown to the customs administration. In March 2009 it issued a statement that some local governments and enterprises were trying to move goods in and out of bonded zones to inflate their export and import numbers and said such shipments would not be included in official data.
–Nerys Avery, Zhou Xin. With assistance from Sharon Chen and Rina Chandran in Singapore. Editors: Scott Lanman, James Mayger
References
- ^ Bloomberg (www.businessinsider.com)
- ^ Goldman Sachs (www.businessinsider.com)
- ^ UBS (www.businessinsider.com)
- ^ World Bank (www.businessinsider.com)
- ^ WikiLeaks (www.businessinsider.com)
- ^ Standard Chartered (www.businessinsider.com)
whitehaven applies for emergency trucking – www.thebull.com.au
Whitehaven Coal has applied for emergency approval to truck coal from its Narrabri mine after a train derailment.
Shipments are expected to interrupted until Christmas when the track repairs are completed.
Trains have been unable to move coal between Narrabri underground mine, in north west NSW, and the Port of Newcastle after the track was damaged on November 28.
The company says trucking coal is the best way to avoid production and financial losses due to the expected month-long stoppage.
On Thursday Whitehaven said it had received advice from the Australian Rail Track Corporation (ARTC) that it expects the track to return to operation by December 25.
The company has applied under environmental laws to transport up to 80,000 tonnes a week using 59 coal haulage trucks for up to three months.
“The application specifically relates to the emergency transport of coal by road until such time as the damaged railway has been repaired and rail transport of coal can recommence,” Whitehaven said in a statement.
Whitehaven managing director Tony Haggarty said the company had to proceed with contingency planning.
“Should the approval be granted, it would take some time to build up to the maximum permitted trucking level,” he said.
“This is due to both the difficulty in sourcing large numbers of trucks at short notice and the need to manage the process safely through a staged ramp-up.”
If it cannot transport coal from Narrabri, the coal stockpile capacity at the site would be reached this month and operations at the mine would need to cease, the company said.
“This would result in lost production and financial impacts as well as the potential need to dislocate employees to other operations.”
The company says other measures are being taken to avoid any shut down of production.
Whitehaven has provided a traffic assessment and a road noise impact assessment as part of the approvals process.
Shares in Whitehaven were steady at $3.02 at 1336 AEDT.
India freight forwarding market: New market research published
Growth in international trade is providing huge impetus to the demand for freight forwarding in India. Furthermore, Intercontinental trade is expected to witness considerable growth in next five years. Freight forwarding sector in India has witnessed a significant growth due to robust economic growth. Key economic indicators including 100% FDI in logistics shows a healthy economic outlook for India. Post global slowdown freight forwarding companies have started to venture out into high end logistics solutions. Freight companies will benefit from the considerable planned investments in transportation infrastructure in India. Indian freight forwarding companies are now becoming competitive like their foreign counterparts.
The report begins with an introduction section, defining the market and classifying it into its types. The evolution of the freight forwarder is then projected. A Comparison between Custom Broker, Freight Forwarder & 3PL are given, followed by the value chain and the advantages of freight forwarders over carriers. Freight Forwarders’ Streams of Income are also identified.
Freight Forwarding – Segments & Features section discusses the segments served, services provided and the customer’s benefits from different types of freight forwarding. This section also provides the key characteristics of freight forwarding.
Market overview section provides a brief snapshot of the freight forwarding market both globally and in India. To begin with, it gives a brief overview of global freight forwarding market followed by its market size & growth. Region wise global market size is also given. Major Players in global freight forwarding market are identified from their market share in air freight and sea freight. Subsequently, a brief overview of Indian freight forwarding market followed by its market size & growth is projected. Top 5 Freight Markets in 2011 is identified with estimation in 2020. Attractiveness in freight forwarding market in India is also analyzed indicating the areas of improvement. Factors for selecting transportation mode are also identified in this section.
Sustainable Procurement Guidelines section deals with the sustainable procurement guidelines for freight forwarding. Their implementation in different areas of improvement is also provided. Further, steps to develop a sustainable procurement of freight transportation services are also discussed.
Standard Trading Conditions section deals with the standard trading conditions for freight forwarders.
Drivers & challenges section in the report provides a comprehensive set of factors which boosts and hinders the growth in the market. An analysis of the section brings forth the key drivers fueling growth in the market including growth in international trade, rapid economic growth & FDI in logistics, diversification into logistics business, improved transportation infrastructure and rising competitiveness among domestic companies. While the challenges identified comprises of strategic challenges such as stiff competition from international counterparts, rising freight costs, complex operation, lack of skilled manpower, lack of skilled manpower and poor infrastructure.
Technological Trends section in the report emphasizes the recent trends in the technology adopted in freight forwarding sector such as EDI platform, UPLIFT – universal platform for logistics & integrated freight transport and 4S eTrans built on J2EE platform. Information flow through the logistics value chain is also shown. Further technology adoption by leading players is also given. Two case studies on technology adoption are also discussed.
The competition section profiles the major players in freight forwarding market in India in details within the report which enables readers to get a clear picture of the current competitive scenario. The section lists the basic details of the players such as corporate information, business highlights and key members. The section also features financial analysis of key vendors which in turn provides us with the financial health of players.
Investments section of the report includes investments in freight forwarding market in India. Investments by multinational companies are also identified. Outbound M&A Deals, JVs & other investments by different freight forwarding or logistics companies are provided over the period 2010 – 12.
The strategic recommendations section suggests the recommendation to set up freight forwarding business. This section also puts forward the strategic recommendation for freight forwarders.
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