Growth in e-commerce pushes logistics companies to adapt
The rapid growth of the e-commerce sector in China has triggered demand for quality logistics space, with demand often outstripping supply, according to a recent market report from real estate service...
View ArticleChina’s largest cotton storage base set up
China National Cotton Group has set up North China’s largest cotton storage base in Weifang city, Shandong province. Warehouses at the base have a total storage capacity of 100,000 metric tons and to...
View ArticleKaohsiung new port for physical delivery of LME contracts
The London Metal Exchange (LME) has approved Kaohsiung in Taiwan to be the ninth port in Asia that can accept physical delivery of seven types of its metal contracts. The world’s largest metal...
View ArticleKerry looks to spin off logistics operations
Kerry Properties intends to spin off its logistics arm in a Hong Kong listing. Kerry Logistics Network, a wholly-owned subsidiary, operated the largest distribution network and hub operations in...
View ArticleGLP plans China warehouse expansion
Global Logistic Properties (GLP), China’s biggest modern warehouse operator, plans to increase space at new projects by up to 25% annually in the next two years as e-commerce grows and retail chains...
View ArticleKerry Logistics planning Hong Kong IPO
Kerry Logistics Network, the logistics unit of Kerry Properties, is planning an initial pubic offering (IPO) that could raise up to HKD2.2 billion. Established in 1981, the Hong Kong-based third-party...
View ArticleLogistics firms wary of PRD economic zones
Officials in China’s new economic zones are hoping cheap warehousing and hassle-free customs procedures will encourage logistics and storage firms supplying Hong Kong’s domestic market to relocate to...
View ArticleLogistics upgrade needed to support China’s e-commerce boom
Alibaba’s plans for a giant initial public offering (IPO) in New York highlight vast potential for e-commerce in China – and the weak link the logistics industry must fix if explosive growth...
View ArticleSwire Pacific Cold Storage inaugurates facility in Shanghai
Swire Pacific Cold Storage, the world’s third-largest in terms of capacity, inaugurated a CNY440 million facility in Shanghai as the company continues to expand into China’s rapidly growing cold chain...
View ArticleCitic Resources sues Qingdao Port
Citic Resources has filed a lawsuit against Qingdao Port International, demanding USD108 million in compensation if its fails to deliver base metals retained by the authorities as part of a fraud...
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