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News Items
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China Takes Lead In
Mobile Phone Production
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China To Spend
US$1.9 Billion Dredging the Yantgze River
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Mr. Zhang Chunxian
addresses Port of NY/NJ.
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m/v COSCO Shenzhen
Begins Her Maiden Voyage
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m/v COSCO Long Beach
Completes Her Maiden Voyage
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First Half 2004
Compass Awards
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CHINA SEES MASSIVE GROWTH IN OVERSEAS TRADE
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25TH ANNIVERSARY OF
DIPLOMATIC RELATIONS BETWEEN CHINA AND U.S.
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CHINA'S PORT CONTAINER
TURNOVER, HIGHEST IN THE WORLD
China Takes Lead In Mobile Phone
Production
China has become the
world's biggest mobile phone producers, according to
Xinhua News Agency. The report
said official Customs statistics show that the
exports of mobile phones through Shenzhen in
Guangdong Province soared 320 per cent in the first
nine months of the year to 12.93 million pieces
compared to the same period last year.
The total value of these
exports amounted to US$1.29 billion, a staggering
increase of 550 per cent during the same period.
Xinhua said the cell phones
were exported to 34 countries and areas with the US
taking the bulk of orders with exports worth US$840
million.
The newswire said many major
world-famous companies such as Motorola,
SonyEricsson, Nokia and Anycall have established
production bases in China.
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China To Spend US$1.9 Billion
Dredging the Yantgze River
The central
government in China has unveiled plans to spend CNY16
billion (US$1.93 billion) to dredge the Yangtze River by
2020 in a bid to harness the potential of the world's
third largest river, said a Xinhua report.
Statistics quoted by the newswire said 90 per cent of
the Yangtze River's capacity as a waterway for the
transportation of goods is not being utilised despite
the mainstream of the Yangtze River accommodating 216
ports which collectively handle 300 million tons of
freight annually.
The
development comes amid expectations that demand for
marine transportation services from southwest provinces
and cities including, Sichuan, Yunnan, Guizhou and
Chongqing on the upper reaches of the Yangtze River will
increase fourfold in the coming years.
Hubei,
Hunan and Jiangxi provinces located on the middle trunk
of the Yangtze River are anticipated to see a sharp rise
in demand for transportation services as well.
Xinhua
cited Cai Zhengrong, the Assistant Chief of Transport at
the Yangste River Shipping Management Office as saying
the trunk streams on the Yangste River are expected to
handle 400 million tons of port freight this year, up 30
per cent on last year, and 1.75 million TEU, an increase
of 25 per cent over 2003
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Mr. Zhang Chunxian, Minister of Communications,
Peoples Republic of China
On October 6th,
Honorable Mr. Zhang Chunxian, Minister of Communication,
Peoples Republic of China was invited to address the
Fourth Annual Port of New York-New Jersey Port Industry
Day. Chairman Gao Weijie, as a panelist and President
Zhang Liyong joined the Minister and his delegates in
the conference. The theme of this conference is
“Partnership for Prosperity”.
About 550 industry leaders and
Government Officials attended the meeting. General
consensus is that China plays a more and more important
role in the rapid growing global trade. The bottlenecks
for bilateral trade include infrastructure development
particularly the landside of the US as a receiver,
communication and public attention to waterway
transportation. Minister Zhang’s participation showed
the commitment from Chinese Government to promote a more
efficient and unobstructed international transportation
environment for the global trade community.
Speaking at the ceremony, Capt. Xu Lirong predicted that
the total volume increase is about 11% for 2004, will
continuously to grow next year. By year 2006, COSCO’s 6th
generation containership will come up to 13 vessels with its
fleet expanding to 400,000 TEUS.
Click to read entire speech |
m/v COSCO Shenzhen Begins Her Maiden Voyage
On September 28, a new 8,000-TEU-type containership of
COSCO Container Lines started its maiden voyage from the
port of Shenzhen in China.
According to Capt. Xu Lirong, Managing Director of
COSCON, COSCO SHENZHEN is one of the sixth generation
containership in the world-wide industry with the length
of 300m, the tonnage of 82,700 and the speed of 25.20
kts.
The sixth generation containership "COSCO Shenzhen" is
now deployed in the COSCO's Transpacific SEA service,
where it operates alongside another newly built
8,000-TEU-type vessel, the "COSCO Long Beach."
The "COSCO Shenzhen" is joining the fleet of the Chinese
shipping group under a long-term charter. Up to now,
COSCO has a fleet of 290,000 TEUS and is the largest
carrier in China. It is estimated that it will come up
to the 7th rank from the current 8th position. This is
one of the examples of COSCO's strategy to move "from
owning ships to operating ships " .
Speaking at the ceremony, Capt. Xu Lirong predicted that
the total volume increase is about 11% for 2004, will
continuously to grow next year. By year 2006, COSCO’s
6th generation containership will come up to 13 vessels
with its fleet expanding to 400,000 TEUS.
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m/v COSCO Long Beach Completes Her Maiden Voyage
COSCO Long Beach, one of Cosco's new series of 8000-TEU vessels,
successfully concluded her maiden voyage to the Port of Long Beach
on 25 August 2004.
The
maiden voyage ceremony hosted by COSCO Americas Inc for the arrival
of COSCO Long Beach was attended by over 150 guests including
COSCO's key clients, Long Beach city officials, Harbor
Commissioners, Port Authority executives, terminal operators,
members of Association of American Port Authorities (AAPA) and
representatives of major liner carriers.
Heading
a COSCO Container Lines (COSCON) delegation, Capt. Xu Lirong,
Managing Director of COSCON delivered a speech at the maiden voyage
ceremony, highlighting COSCON's dedicated efforts to improve its
liner service and to accommodate the needs of a surging China-US
trade.
Gao
Weijie, Chairman of COSCO Americas Inc announced a congratulatory
message on behalf of Capt. Wei Jiafu, President & CEO of COSCO
Group. In a speech at the dinner party, Chairman Gao briefed the
guests about the concept of "two transformations" in COSCO Group's
strategies. He also urged the industry to continue cooperation and
to better serve the growing international trade.
Zhang
Liyong, President of COSCO Americas Inc presided over the dinner
party. He thanked COSCO Los Angeles, Pacific Maritime Services (PMS)
and the Port of Long Beach for their joint efforts of organizing the
celebrating events. Congratulatory words and good wishes were
expressed at the dinner by Mayor O'Neil of Long Beach, COSCO's
clients as well as representatives from PMS and AAPA.
Built by
Hyundai Heavy Industries, COSCO Long Beach is a time-chartered
modern container vessel from German owner E.R. Schiffahrt. The
deployment of COSCO Long Beach in COSCON's SEA service marks another
step that COSCO has taken towards the transformation from owning
ships into controlling ships. It also helps to increase COSCO's
capacity on transpacific trade and to improve the quality of COSCO's
liner service.
Click Here To
View Photos
First Half 2004 Compass Awards Presented by
Executive Management
Compass Awards for the first half of 2004 were presented to 20 COSCO
employees on August 20, 2004.
Mr. Gao Weijie, Mr. Zhang Liyong, Mr. Chen Xiaomin, Mr. Howard
Finkel and Mr. Gary Schubert, representing the Executives of COSCO
Americas, Inc. and Subsidiaries, made the presentations.
The Compass Award program was created in July 2003 to recognize the
performance of exceptional employees throughout the company and to
highlight those individuals as role models for behavior and
performance.
Award recipients are selected based on nominations from their local
management, with supporting details of each nominee’s contribution.
Executive Management selected employees to receive the award after a
thoughtful review of all submissions. The contribution and
dedication shown by these employees have set them apart as examples
to be followed by their co-workers. President Zhang commended the
recipients for their dedication and professionalism.
Congratulations to all the Compass Award recipients.
China Sees Massive
Growth In Overseas Trade
The past year has been a prosperous one for China.
According to
the latest customs figures, the trade volume between China and its
major trading partners has been rapidly expanding.
Japan, the United
States and the EU are China's top three trading partners. In 2003, the
volume of trade between China and these countries exceeded 100 billion
US dollars. Japan has remained China's leading trade partner for the
last 11 years. In 2003, the total volume of Sino-Japanese trade
reached a record 134 billion US dollars, accounting for about 16
percent of China's total overseas trade.
The US is China's
second biggest trading partner and the top destination for Chinese
exports. Trade between the US and China surpassed 100 billion US
dollars for the first time in 2003, a 30 percent increase over the
year before.
The EU is China's
third largest partner in trade. Sino-EU trade increased 44 percent in
2003, exceeding 120 billion US dollars in volume. The figures also
showed rapid growth in trade between China and ASEAN countries and
also with South Korea.
25th Anniversary
of Diplomatic Relations Between China and U.S. - US State Department
Press Release
Press Statement
Adam Ereli, Deputy Spokesman
Washington, DC
December 31, 2003
January 1, 2004
marks the 25th anniversary of the normalization of U.S.-China
relations. Over the past 25 years, we have worked to transform the
relationship from its tentative beginnings to one wherein we have
today a wide-ranging, candid, constructive and cooperative dialogue
about issues that are important to the peace, security and prosperity
of the world.
We look forward
to continuing and deepening that dialogue and cooperation in the
coming years.
China's Port
Container Turnover - Highest In The World
China's port
container turnover in 2003 reached 48 million, the highest in the
world, said Communications Minister Zhang Chunxian in Beijing
on January 11, 2004.
Zhang said China's port container turnover reached 37
million in 2002 after an average 30-percent rise in recent years.
Last year, Shanghai and Shenzhen ports respectively
ranked third and fourth in the world.
In 2003, China's
total port turnover reached 2.6 billion tons, up 16.9 percent over the
previous year. Eight Chinese ports exceeded 100 million tons,
including Shanghai at over 300 million tons, the world's second
highest. |
