Economic Logistics

Following its announcement of plans to develop thin-film solar modules, Evolution Solar Corp. recently signed a letter of intent to acquire a Hong Kong-based R&D and procurement company.
“The process of purchasing the Hong Kong-based R&D company is tracking well,” says Robert Kaapke, CEO of Evolution Solar. “We believe better engineering and technological innovations are the […]

GLOBAL express and logistics firm DHL walked away with six top awards during the recent 2007 Asian Freight and Supply Chain Awards (AFSCA) in Macau.
It won Best Express Operator, Best Lead Logistics Provider, Best 3PL, Best Air Freight Forwarder, Best Project Cargo Forwarder and Best Sea Freight Forwarder.
In a statement released in Kuala Lumpur, DHL […]

Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report on the expanding Indian logistics market. “India Logistics Outlook 2007,” forecasts that the market will grow 9% each year to reach $125 billion by 2010.
India is experiencing strong growth enablers which are leading to increased market opportunities […]

analpina World Transport, a leading global forwarding and logistics service provider has partnered with Sri Lanka based third-party logistics enterprise, Logiwiz Logistics (I) Pvt. Ltd, to launch its first state-of-the-art logistics centre in Whitefield, Bangalore.
The company sees this move as the beginning of expanding operations in India, and intends to invest $3-5 million to set […]

TRANG (TNA) — Thailand’s southern province of Trang is facing an outbreak of foot and mouth disease in cattle.
The outbreak occured after a recent severe flooding in many areas of the province, according to local officials.
About 3,000 cattle have been reportedly infected with the disease so far.
Local authorities are accelerating containing the spread of the […]

HONG KONG: Chinese domestic logistics companies should prepare for increasing competition and challenges from foreign rivals, experts said at the 2nd Logistics Industry Development Annual Conference.
As China is completely opening its logistics market to foreign firms this year in line with its commitments to the World Trade Organization (WTO), some foreign investors are expected to […]

NEW DELHI (Reuters) - India on Friday cut the amount of subsidised grain supplied to the poor and marginally raised prices at which it is sold to them, a step taken, analysts said, due to falling stocks at food procurement agencies.
The government’s communist allies denounced the move.
For families classed as living above the poverty […]

Shanghai Zhuqiao Airport Industrial Zone, neighboring the Pudong International Airport and specilized in export processing, storage and logistics, has achieved great progress since its open less than four years ago.
The zone is planning to develop its infrastructure, enhance the restructuring of its industries and attract more investment.
“The park was established to help spur on the […]

Hyundai Group is strengthening management control of Hyundai Asan and other subsidiaries through cross-shareholdings among units.
Among units of the group led by Chairwoman Hyun Jung-eun are Hyundai Elevator, Hyundai Asan, Hyundai Merchant Marine, Hyundai Securities, Hyundai Logistics, and Hyundai Research Institute.
Hyundai Logistics Friday said it bought a 13.77 percent stake in Hyundai Asan from Hyundai […]

Maritime Affairs-Fisheries Minister Oh Keo-don visited China on Oct. 26-27 to seek tripartite cooperation among Korea, China and Japan in the international logistics field.
Meeting with Li Changjiang, chief of the general administration of quality supervision, inspection and quarantine of China, Oh suggested that each country designate an organization and experts and connect a hotline among […]