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Timothy Geithner China urged Washington to lift export and investment controls directed against Beijing, saying such a move could go a long way towards conquering the steep trade imbalance between the two powers. But in their annual bilateral dialogue, US officials continued to press Beijing over its allegedly undervalued yuan as a way to [...]  Five shipping containers detained in Rotterdam after testing positive for radiation probably left Japan before a screening program started, the Asian nation’s transport ministry said. Japanese authorities officially began scanning cargo boxes for radiation on April 28 because of concerns about leaks from a nuclear plant crippled by a March 11 earthquake and tsunami. “Japanese [...] Enrique Razon, CEO of ICTSI Violent protests in the Middle East may have shaken the world economy but Philippine port operator International Container Terminal Services, Inc. (ICTSI) sees opportunity amid the turmoil. ICTSI, run by billionaire Enrique Razon, is one of only a few Philippine companies to have become a successful global player and [...] Port of Rotterdam Dutch authorities have found traces of radiation on 19 containers originating from Japan, two months after an earthquake and tsunami there caused leaks from the Fukushima Dai-Ichi nuclear plant. Five of the containers, scanned on arrival at the Port of Rotterdam, were quarantined because the level of contamination was above the [...] The Oregonian published an article on Friday that features photos and text covering a tour of Portland’s Terminal 6. Excerpts: “Shipping goods over water is the second-oldest business in the world,” [consultant Barry] Horowitz joked. In the ancient world, Phoenicians and Greeks carried gold and silver, peacocks and spices. Today’s goods seem more prosaic: cars, [...] China Shipping Container Lines said its net loss for the first quarter narrowed 24.1 percent from a year earlier to $22.5 million, after three consecutive quarters of profits. CSCL’s quarterly report showed that net cash reserves decreased approximately $277 million, mainly due to increased vessel construction and purchase of fixed assets. The report gave no [...] |
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