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China CPI to rise 3.2% - (31/03/2010)

China's CPI will rise 3.2 percent in 2010, according to an expert at the China State Information Center.

This year's CPI growth will be mild and will focus on the food and housing sectors. The peak is expected to appear in the June-July period, according to the expert.


China's economy is forecast to grow over 11 percent in the first quarter, about 10 percent in the second quarter and below 10 percent in the last two quarters.


 


+ Japan Airlines cargo service to end - (31/03/2010)

Japan Airlines (JAL) will halt its scheduled freighter flight services and start utilising the cargo belly space of passenger flights by the end of October. The cargo capacity in the passenger flights will provide three times the volume available on its cargo flights. The nation's international carrier aims to improve its financial standing through this new cargo business structure, as market conditions for international cargo business are bleak.


JAL will continue its cargo services by using the belly space of 508 weekly passenger flights on international routes and 904 daily one-way flights on 134 domestic routes. JAL had filed for protection from creditors earlier this year, due to more than US$25 billion of debt.


Source: JAL

+ Japan's Lost Decade & China's Currency Policy - (30/03/2010)

As calls grow louder in the U.S. to pressure China over its undervalued currency, it’s good to check in with William Fung, group managing director of Li & Fung, the giant Hong Kong-based trading company that sources goods from China and other countries for companies such as Wal-Mart. Bruce Einhorn spoke to Fung when he stopped by the Bloomberg office to talk about Li & Fung’s disappointing earnings.

 

When it comes to the fight over the yuan, he doesn’t expect Beijing to budge. To understand why, he says, look back to Japan’s “Lost Decade,” the period after Japan’s real-estate bubble burst in the early 1990s. “Every time I talk to these guys [in China], they say ‘We’re not going to repeat Japan’s mistake,’” he says. For them, the mistake was the deal the Japanese made with the U.S. and the Europeans back in 1985 to allow the dollar to depreciate against the yen. According to Fung, Chinese officials are convinced that agreement, signed at the Plaza Hotel in New York, doomed the Japanese. “They think the Plaza Accord was the beginning of the Lost Decade,” he says.

 

Some people outside China argue a yuan appreciation would help the Chinese achieve their goal of boosting domestic demand, making China less reliant on the export sector (which crashed after the Lehman bankruptcy). Fung doesn’t think Beijing’s ready to buy that line. “They fully intend to follow Japan and Korea” and focus on exports, he says. “They’re not going to go to this Amercan-style consumer-spending-on-steroids economy for a while. They just don’t believe in it.” In order for Chinese consumers to start spending big, Fung says, Beijing first needs to establish a solid social-safety net so ordinary Chinese people feel more confident in spending rather than saving. “That takes time,” Fung adds, “as you have seen in America.”

 

One thing to remember: It’s in Li & Fung’s interest for China to keep the yuan down. The company’s traffic is largely one-way, to the U.S. If the yuan is undervalued and exports from China to the U.S. are cheaper, that should suit Li & Fung customers just fine

 

Author: Bruce Einhorn.

+ Global Trade to recover according to WTO - (30/03/2010)

Global commerce will grow this year after shrinking 12 percent in 2009 as economies from China to the U.S. recover from the deepest recession in 70 years, the World Trade Organization said.

 

The volume of world trade will expand 9.5 percent, said WTO Director-General Pascal Lamy, fueled by growth in Asia led by China and India, after falling the most since World War Two in 2009. Lamy expressed concern about the resurgence of protectionist policies as the recovery in Europe and the U.S. lags behind Asia and there are signs China’s economy is overheating.

 

While many countries have emerged from recessions, the WTO has pressed governments to take steps to stimulate commerce and bolster the global trading system as they prepare exit strategies from the stimulus measures adopted to fight the slump. Growth in Asia and other emerging markets won’t be sufficient to sustain the global recovery and developed nations should be wary of reversing stimulus too soon.

 

Source: Bloomberg

+ Sinotrans to boost investment in China ports - (26/03/2010)

Sinotrans, which operates freight-forwarding and express-delivery services in China, is a unit of state-owned China National Foreign Trade Transportation (Group). The shipping and logistics firm plans to boost capital spending this year and is reportedly interested in minority investments in mainland Chinese ports amid a turnaround in domestic and international trade.

 

Sinotrans President Zhang Jianwei said the company will focus on expanding its intra-China trade business in 2010 to ride on the nation's booming economy, which grew 8.7 percent last year.

 

"Export trading volumes are still a major contributor to our businesses but this will likely change" as Sinotrans invests to develop its domestic operations, Zhang said. He said the company's domestic trading operations account for about 20 percent of its business, but didn't provide a growth target.

 

As the world's recovery has yet to gain traction this year, international trade will likely remain volatile, putting pressure on Chinese shippers like Sinotrans to shift more of their focus to domestic business.

 

+ China launches low-carbon economy hub in Tianjin - (26/03/2010)

China's first international cooperation platform for boosting low-carbon economy has been established at Tianjin Economic Development Area (TEDA) in the northern China's industrial hub.

 

Named TEDA Eco Center, the newly established has recruited 18 senior advisors and partners, including China office of the United Nations Industrial Development Organization and the Japan Research Institute, Limited.

 

An industrial symbiosis project aided by the European Union has been launched with the help from TEDA Eco Center.

 

The four-year project, with a cost of 1.85 million euros, aims to achieve recycling of resources, energy efficiency and emissions reduction through share of raw materials, energy, logistics and human resources among different enterprises.

+ Container shipping industry still fragile - (26/03/2010)

AFP- The global container shipping industry remains in a "very fragile" state due to weak demand and a glut of ships, the world's largest shipping company said on Wednesday.

 

Maersk Line said companies should go slow in bringing back to service hundreds of ships idled during the recession, otherwise the sector will extend losses which totalled $US15 billion ($A16.32 billion) in 2009. In terms of volume, about 80 per cent of world trade is carried by sea.

 

As global trade slowed down during the global economic crisis last year, freight rates plunged and 11 per cent of the world's container shipping fleet, or about 500 vessels, had to be parked.

 

Mr Van Schoor from Maersk Line said there are signs of a pickup in global trade, with the United States and Europe importing more from the rest of the world, but this is being driven by companies stocking up on inventories rather than a surge in general demand. "The situation remains very, very fragile for the shipping industry,"

 

He cited data showing that US imports rose 13 per cent year-on-year in the fourth quarter of 2009, but retail sales in the same period expanded by only 1.0 per cent.

 

For Europe, the continent's imports were up 3.0 per cent, but retail sales climbed a mere 1.0 per cent.

 

"What this is telling us is that the underlying demand for growth is not there yet," he said.

 

He also cautioned against the idled ships going back into the market, saying it will further upset the imbalance between a glut in capacity and weak demand.

 

Source: Summary from AFP

+ Kimberly Clark to start global procurement division - (26/03/2010)

Kimberly Clark said it will create a global procurement division as part of its quest to shave off as much as US$500 million in costs through 2013.

The global cuts are expected to take place in 2011 through to 2013 from leaner manufacturing and supply chain practices and the formation of a global procurement organisation, the company said in an investor presentation this week. The initiative is part of the company's wider FORCE (Focused On Reducing Costs Everywhere) strategy which saw Kimberly Clark saving some US$400-US$450 million from 2008-2010.

"We have made excellent progress since we originally launched our Global Business Plan in 2003," said Thomas J. Falk, chairman and CEO. "Our updated Global Business Plan represents our strategies and plans to achieve our existing top- and bottom-line growth objectives. We will manage our portfolio to drive growth, margin and cash flow."

He added: "At the same time, we will remain financially disciplined, with a strong focus on delivering ongoing cost reductions and increases in ROIC. We will continuously improve the effectiveness and efficiency of our organization as we create a leaner, stronger and faster company."

Source: Kimberly Clark

+ Survey on International Operations of Japanese Firms - (25/03/2010)

The Japan External Trade Organization (JETRO) recently released the results of its latest annual survey on the international operations of Japanese firms. The survey, conducted between November and December 2009, received replies from 935 firms, or 30.1% of 3,110 companies sent questionnaires. Firms were polled on their international and domestic operations, plans to expand business in China, utilization of FTAs and views on business environments in Asia.

 

According to the survey, the majority of respondents (62.1%) have overseas bases, of which 74.9% have bases in China, 44.8% in the US and 38.0% in Thailand. By location and function, China ranked highest in the sales base and production base categories, at 49.2% and 46.8%, respectively. Notably, the percentage of respondents with a sales base in China rose 2.7 points from the 2008 survey.

 

The percentage of respondents planning to expand their business overseas (make new/additional investments) in the coming three years or so was 56.0%, a 5.7-point jump over last year’s survey. For overseas expansion plans by country/region and function, China ranked at the top in all categories. After China, locations registering increased interest as a sales base included the Asian NIEs, Indonesia and Vietnam.

When comparing current and future sales targets in developing countries, firms showed increasing interest in expanding sales to local firms, while the new rich & middle class and low-income segment remained important consumer targets.

 

Asked about their business plans (including trade, outsourcing and direct investment) in/with China in the coming three years or so, the percentage of respondents planning to expand/start new business rose 13.4 points from last year to 60.6%. By category, firms plan mainly to "increase exports" (up 13.9 points to 53.6%) and "establish or expand sales base" (up 8.7 points to 41.3%).

 

Regarding utilization of preferential tariff schemes under Japan’s FTAs with nine countries/regions (ASEAN, Chile, Indonesia, Malaysia, Mexico, the Philippines, Switzerland, Thailand and Vietnam), 33.8% of respondents (including those not engaged in trade) said they were "utilizing or planning to utilize" such schemes. This was a 6.3-point increase over the previous survey, which asked about the utilization under FTAs with five countries (Chile, Indonesia, Malaysia, Mexico and Thailand), indicating an upward trend in the utilization of FTAs by Japanese firms.

Looking at the use of preferential tariff schemes under each FTA by imports and exports, the Japan-Chile FTA ranked at the top for both categories: 36.1% for imports (13 out of 36 firms); and 36.8% for exports (25 out of 68 firms). If the firms considering an FTA’s utilization are included, the portion for exports would rise to nearly half (44.2%) for the Japan-Chile FTA and to around 40% for the Japan-Thailand and Japan-Mexico FTAs. Similarly, if firms considering FTA utilization are included in the figure for imports, the percentage would be about 40% for both the Japan-Vietnam and Japan-ASEAN FTAs, suggesting firms’ likelihood to increase utilization of FTAs in the future for both imports and exports.

 

Among third-party FTAs in effect within the Asia Pacific region, the ASEAN Free Trade Area (AFTA) was the most utilized, with about a third of firms engaged in trade (33.3%, or 45 out of 135 firms) citing its use; if firms considering AFTA’s utilization were included, the percentage rises to 51.9% (70 out of 135 firms).

Polled on plans to utilize the ASEAN-India, ASEAN-Australia and ASEAN-New Zealand FTAs, all of which were entering into force about the time of the survey (November 2009), almost half of respondents (46.8% or 37 out of 79 firms) were planning to utilize the ASEAN-India. The percentage was highest among firms in chemicals (84.6%, or 11 out of 13 firms) and cars/car parts and other transportation machinery (70%, or 7 out of 10 firms).

 

Source: JETRO

+ Barneys opens fourth store in Japan - (25/03/2010)

Opening of a fourth retail outlet in Kobe is yet another success of Barneys Japan Co. Barneys has stores in Tokyo’s Ginza and Shinjuku areas and in Yokohama and now this outlet in Kobe will be the first in western Japan.

Built in a commercial complex of the city’s posh shopping district, this new store is spread over an area of about 2800 square meters occupying three floors of the building. A wide variety of trendy and stylish products and well known international brands will be available in the store.

In a press conference at the new store, Naoki Nakamura, President of Barneys Japan Co said they would like to boost customer satisfaction by recognizing their needs in advance and offer goods accordingly. In addition he said they would like to satisfy their customers by providing a nice ambience inside the store.

+ Japanese Exports increase by 45.3% in February - (24/03/2010)

March 24 (Bloomberg) -- Japan’s export growth accelerated to 45.3 percent in February, led by Asian demand that increased the likelihood the economic recovery will be sustained.

 

The year-on-year increase was faster than January’s 40.8 percent, the Finance Ministry said today in Tokyo. The median estimate of 17 economists surveyed by Bloomberg News was for a 45.7 percent gain.

 

More than $2 trillion in worldwide public spending has revived global trade, fueling sales for exporters from Komatsu Ltd. to Mitsubishi Electric Corp. The increase in shipments abroad is improving corporate profits, easing concern domestic demand will slow as the effects of government incentives to buy energy-efficient cars and home appliances wear off.

 

“Exports are recovering steadily on the back of a pickup in the global economy,” Yoshiki Shinke, a senior economist at Dai-Ichi Life Research Institute in Tokyo, said before the report. “Japan’s economy will likely maintain the recovery trend, led by an increase in exports, even as household spending and public investment are expected to slow.”

 

Imports climbed 29.5 percent in February from a year earlier, resulting in a trade surplus of 651 billion yen ($7.2 billion). The median estimate of 22 analysts surveyed was for 560.6 billion yen.

 

The yen traded at 90.38 against the dollar at 8:55 a.m. in Tokyo, compared with 90.40 before the report was released. Exports fell a seasonally adjusted 1.7 percent from January.

 

Favorable Comparison

 

The surge in exports was partly due to a favorable year- on-year comparison. In February 2009, shipments abroad tumbled a record 49.4 percent as global trade froze following the collapse of Lehman Brothers Holdings Inc. five months earlier.

 

The rebound was driven by Asia, especially China, Japan’s largest overseas customer. China’s economy may grow 9.9 percent in 2010, accelerating from 8.7 percent last year, according to a Bloomberg News survey released this month.

 

Mitsubishi Electric yesterday forecast net income of 25 billion yen in the year ending March 31, reversing its previous estimate for a 20 billion yen loss. The maker of consumer electronics and assembly-line machinery cited increased demand from Asia, global government stimulus measures and cost cuts.

 

Komatsu’s Sales

 

Komatsu, the world’s second-biggest maker of large dump trucks and excavators, expects sales in China to climb between 40 percent and 50 percent in the year starting April 1, Kazuhiko Iwata, president of the company’s mining division, said this month.

 

Recent reports show the export-led recovery is spreading to the domestic economy. The unemployment rate fell to a 10- month low of 4.9 percent in January, bolstering consumer confidence. Service demand rose the most in more than a decade.

 

The Japanese government last week raised its assessment of the economy for the first time in eight months, saying the recovery is beginning to spur corporate earnings, home building and consumer spending.

 

Some Bank of Japan board members said they had “shifted slightly upward” their view of the economy because of exports to Asia, February meeting minutes showed yesterday.

 

Still, the rebound hasn’t been fast enough to shake off deflation, which is squeezing profit margins and discouraging spending. The central bank last week doubled a credit program to 20 trillion yen to help spur consumer prices that have fallen for 11 consecutive months.

 

“Weak demand is being reflected in continuing price declines,” said Chiwoong Lee, a senior economist at Goldman Sachs Group Inc. in Tokyo. “With the exception of consumer durables, which have support from fiscal policies such as eco points, consumption is lackluster and exerting downward pressure on prices.”


Source: Bloomberg. Story by Keiko Ujikane

 


+ Hong Kong Air cargo tonnage increases by 34.7% - (23/03/2010)

(March 2010, Hong Kong:) Hong Kong Air Cargo Terminals Limited (Hactl) released its tonnage throughput for February 2010. A total of 180,033 tonnes were handled in the month, representing a strong year-on-year growth of 34.7%. Cumulative tonnage for the first two months of the year was 392,656 tonnes, up 42.1% year-on-year.

 

Export volume for February was 91,800 tonnes, up 42.2% year-on-year. Total export volume for January and February was 207,097 tonnes, representing a year-on-year growth of 47.7%.

 

Import volume for February was 50,536 tonnes, up 31.0% against February last year. Aggregate import volume for the first two months of 2010 was 110,829 tonnes, representing a year-on-year growth of 47.3%.

 

Lilian Chan, General Manager, Marketing and Customer Service said, "Driven by the surge in air cargo traffic before the Chinese New Year as a result of the stabilising economy, tonnage throughput for the first two months of 2010 has achieved a record high and even reached the pre-downturn level. While we see positive signs of some recovery in early 2010, we remain cautious on the outlook for the rest of the year.

 

The summary of the export, import and transshipment volumes is tabulated as follows:


Tonnage handled by Hactl in February and January to February 2010

 

Feb 2010

Jan to Feb 2010 (Cumulative)

 

Tonnage
(in tonnes)

Year-on-Year Growth

Tonnage
(in tonnes)

Year-on-Year Growth

Export

91,800

+42.2%

207,097

+47.7%

Import

50,536

+31.0%

110,829

+47.3%

Transshipment

37,697

+23.6%

74,730

+22.7%

Total

180,033

+34.7%

392,656

+42.1%



香港空運貨站公佈二零零九年二月處貨量

 

(香港:二零一零年三月九日) 香港空運貨站有限公司 (香港空運貨站) 公布二零一零年二月之處貨量。二零一零年二月共處理180,033公噸貨物,與去年同月比較大幅上升34.7%。二零一零年首兩個月之累積處貨量為392,656公噸,較去年同期上升42.1%

 

二月出口處貨量為91,800公噸,比去年同月上升42.2%。一月至二月之累積出口處貨量為207,097公噸,較去年同期上升47.7%

 

二月的入口處貨量為50,536公噸,比去年同月上升31.0%。首兩個月之累積入口處貨量為110,829公噸,與去年同期比較上升47.3%

 

轉口方面,二月份共處理37,697公噸貨物,比去年同月增加23.6%。首兩個月的總轉口處貨量較去年同期上升22.7%,共處理74,730公噸。

 

香港空運貨站市場及客服務總經理陳健瑜表示:「隨著經濟逐回穩,農新年前的空運貨量有明顯的增長,而我們於2010年首兩個月亦得同期處貨量的新高,並且回復至市場下滑前的水平。縱然市場於2010年初有復甦的跡象,我們對今年的市場前景仍保持謹慎態度。香港空運貨站將繼續為航空公司客提供優質的服務,確保我們於市場全面復甦之時作最佳的準備。」

 

二零一零年二月及首兩個月之出口、入口及轉口處貨量表列如下:

香港空運貨站二零一零年二月,及一月至二月之處貨量

 

二月

一月至二月之累積數字

 

公噸

'09年同月
的增長率

公噸

'09年同期
的增長率

出口

91,800

+42.2%

207,097

+47.7%

入口

50,536

+31.0%

110,829

+47.3%

轉口

37,697

+23.6%

74,730

+22.7%

總額

180,033

+34.7%

392,656

+42.1%

+ Beijing aims to grow logistics industry development to US 1 trillion by 2011 - (21/03/2010)

Beijing government has announced the city's logistics industry development scheme which has set a target of CNY7 trillion (US$1.03 trillion) by 2011 for the total value of cargoes using logistics service. Beijing is also aiming at an average annual growth rate of 12% in the logistics industry added value. It plans to reach CNY60 billion in its logistic industry value by 2011.


The city government is to speed up the development of five major logistics facilities respectively at the Shunyi Airport, Tongzhou Majuqiao, Fangshan Liangxiang, Pinggu Mafang and Daxing Jingnan. Beijing aims to achieve an annual growth of over 30% in the sales revenue of these five logistics bases, which will reach an amount of CNY50 billion by 2011 according to the plan.


Beijing also plans to invite 8 to 10 world-reputed logistics companies and 15 to 20 leading domestic logistics providers to set headquarters or branches in the city.


The city will also foster the growth of large local third party logistics providers, especially the top three to five seeds with an annual revenue of over CNY10 billion, as well as five to ten such companies with annual revenue of more than CNY500 million.


The city also plans to strengthen the ties between logistics and industry and commerce, to encourage manufacturers to forge cooperative ties with logistics providers.


+ China Business Climate Index (Fourth Quarter, 2009) - (17/03/2010)

The China National Bureau of Statistics has released the latest business confidence results that showed increased business confidence across all sectors except Social Services which dipped marginally.

Business Climate Index 2009/2010

 

 

 

Last Quarter

This Quarter

Overall 

124.4

130.6

Industry 

120.5

128.1

Construction 

134.5

140.5

Transportation, Storage & Telecommunications

116.9

117.8

 Whole Sale, Retail Trade

136.0

141.4

Real Estate

126.3

133.6

Social Services 

124.1

119.0

IT, Computer Services and Software

151.8

153.5

Hotel and Catering Services

115.1

121.6

Source: China National Bureau of Statistics, March 15, 2010

+ Distressed real estate in Japan continues to rise. - (17/03/2010)

According to the latest Q4 RICS Global Distressed Property Monitor released in March, the number of distressed properties coming to market continues to rise globally.

Of the 25 countries surveyed, 18 reported a pick-up in the number of distressed properties on the last three months, but at a generally slower pace than previously reported.

Japan, USA, Spain, Ireland, Scandinavia all reported distressed property listings at a faster pace than in Q3. Interestingly, agents in China reported an increase in the number for the first time, following two quarters of declining activity. In contrast to this, Brazil, Hong Kong, Australia and India reported a drop in the number of distressed property listings compared to three months earlier.

Japan Distressed Assets

Source: RICS

+ Commercial real estate investment volumes forecast to rise 30% in 2010 - (16/03/2010)

According to Cushman & Wakefield’s 2010 Global Investment Atlas, which monitors investment flows in commercial property in 56 countries, global investment volumes are forecast to rise 30% this year, hitting $478bn (€362bn), led by a reviving US market.  The new report, to be launched on 16th March at MIPIM property conference in France, suggests that this figure is likely to be even higher if the economic recovery remains on track. 

In 2009, global investment volumes fell 23% to $365bn (€270bn), their lowest since 2003. However as markets started to recover and global liquidity improved, investment volumes ended the year on a much stronger note – rising 104% between the first and second halves of the year.

The upturn was led by Asia Pacific and most notably China, with a 39% increase in investment on 2008. China is now the largest real estate investment market in the world, with the next most dynamic recovery market, the UK, up to second and the USA down to third place (if apartment sales are included in this figure the USA would take second place). 

Yields stabilised in most areas later last year as higher investor demand and limited supply impacted. The global average fell 20 basis points in the second half of 2009 to 7.8% and a further fall of 25-50bp is forecast for 2010.

Occupier trends

Global rents fell 5.7%, with the worst declines coming early in 2009. Nonetheless, cautious occupiers and rising supply point to a further 5% fall in H1 2010 before prime values stabilise later this year. Across all sectors global rents fell at an annual rate of 9.2% in the first six months but this slowed to just a 2.2% pa decline in the second half, with Asian Pacific retail, notably China, and Asian Pacific and Latin American offices, leading the stabilisation. With an uncertain economic recovery however, a demand-led return of rental growth is not yet in prospect although it is increasingly clear that not all markets will follow the same trend.

Top Investment Targets

With investment growing 143% last year, it is China which is now the active property investment market in the world.  Aside from the rise of China as a global market, the increasing dominance of Asia Pacific overall has been notable in the 2009 results. Eight of the world’s top 20 investment markets are now Asian Pacific and a number rose up the rankings last year, with Hong Kong, Taiwan and New Zealand seeing deal volumes rise while Australia and South Korea saw a much more modest decline than the global average.

Many investors are focusing on core, more liquid markets such as the UK, France and Germany in Europe or eyeing Canada now and perhaps the USA later this year.   However opportunities in today’s market are apparent in all regions. Brazil for example has come out of the recession looking if anything a stronger candidate for global investors and other emerging markets such as Poland and Turkey could be more highly regarded. Asia offers a range of mature and emerging market possibilities meanwhile, such as Australian and Singapore offices or Chinese retail.

Outlook for 2010

“While challenges clearly remain and a double-dip cannot be ruled out, a higher risk appetite among financiers and investors will continue to fire the market.” commented David Hutchings from Cushman & Wakefield. “With the recovery now backed by local and international players, we anticipate higher levels of activity and a total deal volume up 30% to $478bn (€362bn) this year. With investor demand for prime space running ahead of supply, yield falls will continue even without any signs of renewed rental growth. Overall, limited finance may hold back re-pricing in some areas but we still anticipate a 25-50bp fall in yields globally across all sectors, with Asia again leading the correction. Rents however are likely to drift lower and whilst they will end the year relatively stable, we anticipate a 5% fall globally, led by office property in most but not all markets.”

USA

One of the strongest increases in activity is expected in the USA, at around 50%. The ‘debt overhang’ and ‘job-free’ recovery mean that other than for the best assets, downward pressure remains on prices. However, this may create attractive buying opportunities in the second half as distress and refinancing needs emerge on the market.

With some investors sitting on a lot of cash after their recapitalisations, equity raisings and inward investment flows of last year, a strong turnaround in activity looks likely. The US market remains a Tale of Two Cities, divided between institutional sellers, who were on the sidelines in 2009, and distressed sellers  who have been reluctant to bring product to market and lock in losses.  As 2010 unfolds activity in both sectors should improve as pricing for well leased, core product purchased before the market peak benefits from large pools of frustrated capital, and distressed sellers begin to deal with a mounting volume of properties.

Asia Pacific

Asia Pacific saw its global market share increase to 59% in 2009, 80% higher than in 2008, and while Cushman & Wakefield is forecasting slower growth in 2010, of around 20%, globally it will remain in top spot. The two largest real estate markets in Asia are China and Japan.

China will continue to see vibrant investment activity, despite recent government measures to cool down the property market. Japan is looking increasingly compelling with a relatively high spread between yield and finance cost and with huge investment grade opportunities particularly distressed assets selling at below replacement cost. We are expecting opportunistic buying activity this year.

Source: Summary from Cushman & Wakefield

+ China's rapid land price increase leads to policy change - (15/03/2010)

China is requiring a down payment for land purchases equal to 50 percent of a plot's price and prohibited the supply of land for villas as the government sought to increase affordable housing. The down payment must be paid within a month of signing a contract for the land purchase, the Ministry of Land and Resources said in a statement on its Web site. Buyers must also pay a deposit when taking part in land auctions that is equal to 20 percent of the minimum price for the land, according to the statement.

 

China's property prices rose at the fastest pace in almost two years in February, adding urgency to the government's efforts to rein in speculation and reduce the risk of asset bubbles, resurgent inflation and bad loans for banks.


Premier Wen Jiabao warned of "latent risk" in the country's banks in his speech to the annual meeting of top legislature in Beijing last week.

 

Residential and commercial real-estate prices in 70 cities climbed 10.7 percent from a year earlier, the statistics bureau said on its Web site yesterday. That topped a gain of 9.5 percent in January.

+ Japan Warehouse Design Trends Seminar - (15/03/2010)

Bear Logi Co.Ltd Managing Director Matthew Zann gave a presentation at a Japan IT logistics forum in Tokyo on March 13th. The topic of the discussion was “Technology’s role in shaping warehouse design”. According to Mr Zann, there where a number of key events that have shaped warehouse location and design, namely development of:

        Sea trade routes

        Industrialization & Mass Production

        Railway

        Car & Truck

        Forklift & Pallet

        Containerization

        e-commerce

Using a pictorial analysis, warehouse design was traced from the 1600s to modern day distribution centres. The speech also discussed the differences in warehouse construction techniques and operational functions like clear heights in Japan and the ‘global standard’. In Japan a lower internal clear height of around 5.5m leads to a maximum of 3 pallet stacking compared to the global 5 pallet height.

 

To obtain a free download of the presentation please visit the Bear Logi research page here

 

+ Exports from Japan to China jump 59%, while China’s global exports rise 45.7% - (15/03/2010)

Container volume between Japan and China continued a steady growth in January led by strong demand for exports from Japan, registering the fifth year-on-year monthly rise.

According to statistics by the Shipping Conference and General Administration, containerized exports from Japan shot up 59.1% from a year earlier to 77,716 TEUs in January, while imports from China to Japan declined 5.4% on year to 147,277 TEUs after having registered a double-digit growth in December. Total volume for January rose 10.0% from the same period last year to 224,993 TEUs.

In related news, China's customs agency reported that exports rose in February in a new sign of growing global demand with exports up 45.7 percent over a year earlier. This beat analysts forecasts of 35 to 40 percent growth. Imports surged 44.7 percent, the agency said, reflecting growing demand in China as it emerges from the global crisis.

 

+ Expo Build China 2010 - (15/03/2010)

Expo Build China 2010

Date: Mar 29- Apr 1, 2010

Venue: Shanghai New International Expo Centre

Fair Name: Expo Build China 2010

Description: Expo Build China 2010 is one of Asia’s leading premium building, ceramics & design shows that focuses on the latest and most effective as well as innovative building materials. Target audience includes real estate, large-scale industrial projects, property developers, architects and design studios. Providing a “Multi-Direction, One-Stop-Shop” platform and establishing a high-quality building materials’ communication channel to all buyers and visitors is the passion and intention of Expo Build China 2010.

URL: http://www.expobuild.com/

 

+ Green Supply Chain may reduce risk - (12/03/2010)

According to a recent Accenture study, the downturn has seen a reduction in the focus on carbon initiatives with more than half (67%) of survey respondents turning to traditional cost-reduction initiatives.

The companies that have lost focus on green initiatives during the downturn however could be at greater risk of supply chain problems in the future. Companies that were leaders on sustainability by having green supply chain initiatives also had improved cost effectiveness and good customer service.

Delivering cost-justifiable carbon initiatives need not be complex, Accenture said. Typical cost-and-carbon reduction tactics include route optimisation to improve load factors, reduced empty-running, and seeking out new operating synergies.

Source: www.accenture.com

+ Major brands increase e-tail presence - (11/03/2010)

Major brands increase e-tail presence

 

Many shoppers loyal to famous brands like Levi, Mattel etc are increasingly turning on-line to get their products direct from the source. In response to this trend, a number of US based companies have renewed their web sites, with enhanced online retail operations to cater to budget-conscious buyers.

Companies including Levi Strauss & Co. Procter & Gamble , Mattel , and Columbia Sportswear are responding to a rising threat from often cheaper private-label products offered at retailers such as Target and Wal-Mart.

 

Direct Sales

Direct sales by consumer-brand manufacturers are one of the fastest-growing areas of online retail, increasing almost 13% in 2009 to $487.6 million, according to Vertical Web Media, a Chicago-based research firm. Online sales from chain retailers and companies that sell through catalogs declined last year, while Web-only retailers such as Amazon.com gained 25%.

Besides peddling products, consumer companies also use sites to entice customers to interact with their brands and to form a direct connection with consumers. Toymaker Mattel opened an online store last year, MattelShop.com, where customers can buy customised toys.

Other manufacturers introducing or expanding online stores include Procter & Gamble, the world's largest consumer-products company, which in January said it would open a direct-sales site later this year, and apparel maker Columbia Sportswear, which in August opened a site where customers could buy its products directly for the first time.

Private-Label Popularity

The online onslaught is being driven in part by the rising popularity of so-called private-label products from retailers.

  • Wal-Mart, the world's largest retailer, added 80 products to its Great Value brand last year.
  • Target sells its own line of groceries under the Archer Farms label.
  • Costco wholesale's Kirkland Signature brand.

Private-label goods accounted for 22% of consumer-packaged products sold in the U.S. in 2009, up from 20% the year before. Alice.com, a site that opened in July to let manufacturers including P&G and Georgia Pacific sell products online.

The recession also prompted consumers to do more shopping online, where comparison bargain-hunting is easier. Online sales are expected to reach 12% of the total retail market by 2012, up from 6%, or $211.7 billion, now, according to Forrester Research.

Retail Challenge

However it can be a struggle to keep consumers focused on a niche site, when they can buy a wide range of products on rivals such as Amazon.com. To succeed at retail, companies also need to understand the supply chain for warehousing, shipping, and getting the price right.

Some manufacturer sites are having the desired effect. A survey of 13,000 consumers released last year by analysts at Forrester found that almost 66% of U.S. shoppers who had gone to a manufacturer's Web site expected to spend the same amount of money or more at the site in the coming 12 months.

Source: Summary from story originally featured in Business week.

 

中文版

多数的世界著名品牌强化网上营销。

很多喜欢LeviMattel等世界著名品牌的消费者开始在网上直接从品牌生产商手中购买商品。为了更好的适应这个趋势,多数以美国为根据地的著名品牌公司专门为节约开支的消费者们创建网站,强化各自的网上营销系统。而世界上最大的零售公司沃尔马则更加热心的创建属于自己的品牌,仅去年一年就开发并销售了80余个品种的商品。

+ Louis Vuitton awards Kuehne + Nagel Japan warehouse contract - (10/03/2010)

Louis Vuitton awards Kuehne + Nagel Japan warehouse contract

Tokyo, March 08, 2010 - Louis Vuitton Japan, a subsidiary of the LVMH Group, one of the world’s most prestigious companies in the retail industry, has awarded Kuehne + Nagel Japan a contract for the management of its regional distribution centre in Osaka.  The warehouse is 5,600 m2 and based on the systems and processes customised in this facility, Kuehne + Nagel will further be responsible for setting up showcase warehouse operations for all of Louis Vuitton’s outsourced distribution centres worldwide.

 

中文版

路易威登决定和Kuehne + Nagel Japan签订仓库租赁合同。

201038日,世界超一流的服饰公司路易威登集团的子公司--路易威登日本,决定和Kuehne + Nagel Japan签订位于大阪的区域配送中心的租赁合同。这个仓库占地5,600平方米,内部设备齐全。Kuehne + Nagel Japan还将进一步为路易威登提供仓库的所有运作以及全球范围的外部配送业务。

+ China’s cargo figures up 68% in Feb - (10/03/2010)

China's cargo figures up 68% in Feb

Official Chinese figures say China's cargo and mail throughput was 450,726 tones in February, up 68.2 per cent year-on-year, while air passenger traffic increased about 18 per cent year-on-year in the first two months of 2010 and by 59 per cent in February alone.

 

中文版

 

20102月中国的货物交易量上升了68个百分点。

 

根据中国政府的统计数字显示,20102月中国的货物交易量及宅急便量达到450,726吨,比去年同期增加了68.2%。而2010年前两个月的数字显示,空运量比去年增长了18%,单单2月份一个月就增加了59%

+ Kuehne + Nagel Logistics delivers steady results - (10/03/2010)

SWITZERLAND, March, 2010 - Despite the global economic crisis, the Kuehne + Nagel Group delivered solid results in 2009 and gained market share in all business units.

While turnover decreased by 19.4 % to CHF (Swiss Francs) 17,406 million, gross profit of CHF 5,863 million was just 6.2 % below the previous year. Including an extraordinary provision of CHF 35 million related to competition investigations, net earnings decreased by 20.2 % (14.2 % excluding provision) to CHF 467 million. 2009 dividend will be same as in 2008.

Kuehne + Nagel Group

 

 

 

CHF million (Swiss Francs)

2007*

2008

2009

Turnover

20,975

21,599

17,406

Gross profit

6,014

6,253

5,863

Operational result (EBITDA)

1,019

1,020

885

Net earnings

536

585

467

 

 

 

 

Kuhne + Nagel International AG

 

 

 

CHF

 

 

 

Dividend per share

1.90

2.30

2.30**

 

 

 

 

* Restated for comparison purposes.

 

 

 

** Proposal to the Annual General Meeting.

 

 

 

Datasheets

Consolidated Financial Statements 2009

Karl Gernandt, Executive Vice Chairman of the Board of Directors, said “The good performance of the Kuehne + Nagel Group in the crisis year of 2009 was due to its operational strengths and the timely and consistent execution of its strict cost management and commitment to market share expansion. Thus, we were able to considerably strengthen our global market position. In addition, we took advantage of the crisis to further improve organisational and operational efficiencies in line with our profitability objectives.”

Market share gains and strong operational performance
Market share gains experienced in all business fields with an increase of EBITDA margin from 4.7% to 5.1%

Seafreight
In 2009 the seafreight business was caught in world recession. Worldwide volumes fell for the first time in global containerisa­tion history. Kuehne + Nagel, however, managed to win market share and strengthened its position as global market leader. A 4.6% volume decline was remarkably moderate compared with the approximately 12% decline in overall market seafreight volumes. EBITDA margin increased from 4.6% to 5.0%, while the operational result decreased by 17.9%.

Airfreight
The global airfreight market experienced an unprecedented slump in demand beginning in the fourth quarter 2008, a situation that did not stabilise until July 2009. For the whole year, the airfreight market declined by 12 % where as Kuehne + Nagels decline was 9.2 % and was therefore able to take the third place in the ranking of global airfreight forwarders. EBITDA margin remained stable at 5.6% (previous year: 5.7%), the operational result decreased by 28.1%.

Road & Rail Logistics
Kuehne + Nagel was able to partly compensate for the substantial fall in European road transport volumes through market share gains in fields of full truckload (FTL) and less than truckload (LTL), along with solid business performances in Germany and France. Compared with the previous year, EBITDA margin increased from 0.8% to 2.1% % and the operational result improved by 126.1%.

Contract Logistics
Thanks to ample order for industry-specific solutions and strict cost management Kuehne + Nagel achieved stable contract logistics results. EBITDA margin remained at the previous year’s level of 4.6%, while the operational result decreased by 6.9%.

Real Estate
Kuehne + Nagel optimised its portfolio consisting of properties and leasehold premises. At the end of 2009, the freehold portfolio comprised 123 logistics facilities and office buildings in 21 countries.

Turnover
The largest turnover decreases were recorded in:

  • Americas: 25.0%;
  • Asia-Pacific: 22.6%;
  • Europe: 18.5%;
  • Middle East, Central Asia & Africa: 6.1%.

Gross profit
Gross profit declined by 6.2% despite a negative currency effect of 7.5%. Acquisitions had a positive effect of CHF 382 million.

  • Middle East, Central Asia & Africa: 3.8 % decrease;
  • Europe: 4.2% decrease;  
  • Asia-Pacific: 11.5% decrease; &
  • Americas: 14.6% decrease.

Operational result (EBITDA)
Earnings before interest, tax, depreciation and amortisation of goodwill and other intangible assets (EBITDA) decreased by CHF 135 million (13.2 %) compared with the previous year.

Result by region

  • Europe: (CHF 579 million resp. 65.4 %), 
  • Asia-Pacific region: (CHF 140 million resp. 15.8 %),
  • Americas: (CHF 128 million resp. 14.5 %) and
  • Middle East, Central Asia & Africa: (CHF 38 million resp. 4.3 %).

Outlook
The Kuehne + Nagel Group is emerging from the crisis year 2009 stronger than before and is well positioned for the expected economic upswing. As there is some uncertainty regarding a lasting global economic recovery, the Group will adhere to its strategy of market share expansion combined with strict cost management.

Chief Executive Officer Reinhard Lange said: “Our aim for 2010 is profit­able growth above market average in all business units. In addition, we will further enhance our product offering, develop new areas of value creation and increase our service quality to make Kuehne + Nagel an even more attractive logistics partner for companies in trade and industry.”

Source: Summary of original Kuehne + Nagel release

中文版

 

Kuehne + Nagel Logistics取得可喜成绩

 

20103月,瑞士)

 

尽管仍处在世界经济恐慌之中,Kuehne + Nagel Logistics仍在2009年中取得了可喜成绩,其所属的所有事业部门都扩大了其所在市场。营业粗利润174亿瑞士法郎,尽管前年减少了19.4%,营业总额达到58亿瑞士法郎,仅比前年减少了6.2%。由于为竞争审查准备了庞大的对策金3500万瑞士法郎,净利润比前年减少了20.2%(不包含14.2%的支出)约为4亿6700万瑞士法郎。2009年的股票配给额与2008年约持平。

 

Kuehne + Nagel Logistics

 

 

 

瑞士法郎

2007*

2008

2009

利润

20,975

21,599

17,406

营业总额

6,014

6,253

5,863

操業成績(EBITDA)

1,019

1,020

885

净利润

536

585

467

Kuehne + Nagel International

 

 

 

瑞士法郎

 

 

 

股票配给金

1.90

2.30

2.30**

 

 

*将作进一步的比较说明

**年度呈给股东大会的提案

 

 

+ CEVA Logistics 2009 Financial Results - (10/03/2010)

London, UK, 03 March 2010 – CEVA Logistics, one of the world’s leading supply chain companies, has today announced its Full Year 2009 Results.  The Group has announced Full Year revenues of €5.5 billion (2008: €6.3 billion) and is continuing to see steady improvements across the business as the global economy improves.

 

“Following a challenging first quarter, we delivered solid and progressive results across the remainder of 2009 and, overall, we believe that CEVA responded well to a different and demanding trading environment, and is well positioned for the future,” John Pattullo, CEO, CEVA Logistics.

  • Revenue for the Full Year €5.5 billion
  • Net debt decreased by 7% to €2.4 billion for the year end
  • New business wins increased by 10% on 2008
  • Cost savings programs 25% ahead of goal at €125 million
  • Net Working Capital reductions have continued and ended the year at €1 million (2008: €126 million).  

Key Financials (actual exchange rates)

 € millions

 2009

 2008

 Growth

 Revenue

 5,494

 6,329

 (13.2%)

 EBITDA before specific items1

 233

 326

 (28.5%)

 1 EBITDA excludes the impact of specific items which are significant items such as restructuring and integration costs, rebranding costs and certain legal expenses.

 

The global logistics markets fell precipitously in November 2008 and although there was some recovery later in 2009, the overall market declined by about 12% year-on-year.  This has had an obvious impact on the business with reduced volumes.  In the last quarter we continued to recover volumes and revenues; however as freight carriers removed capacity and rates increased, we saw price increases that we were unable to pass through immediately to customers.  We expect to recover these margins in 2010.

 

One of our key sectors is automotive.  Volumes in this segment continued to rally through the year including the fourth quarter as did the technology and industrial businesses.  New business wins in 2009 were up 10% compared to 2008.  Our ongoing program of cross selling wins generated revenue of over €550 million in 2009.

 

Source: Summary of original CEVA Group release

 

中文版

 

CEVA2009年度财务报告

 

(伦敦,英国 201033

 

世界屈指可数的供给公司CEVA201033日发表了2009年度的财务报告。报告显示,2009年的总营业收入为55亿欧元(2008年为63亿欧元),随着世界经济的逐步好转,营业额仍将继续增长。 

 

CEVA的最高经营责任人称“在考验我们的第一季度,我们取得了坚实的成果。总体来看,CEVA不仅很好地适应了各种不同的近乎残酷的交易环境,并且找到了顺应将来交易环境的属于自己的位置。”

  • 2009年的总营业收入为55亿欧元
  • 2009年年底为止减少7%左右的纯负债,现纯负债总额为24亿欧元
  • 新事业的营业利润和2008年相比较增加10%
  • 削减经费项目,距离目标(1亿2500万欧元)仍有约为25%的削减空间
  • 继续削减纯运营资本金,于2009年年末降到100万欧元(2008年为1亿2600万欧元)

 

200811月开始世界物流市场急转直下,直到2009年后半年开始出现回复迹象,整体市场比前年减少12%,大大影响了交易业绩。第4季度,交易额与收入都有所回复,但货物量大幅减少,外汇汇率上调,手续费上涨,这些增加的运作成本都不能从客户身上索取。不过,我们预测2010年利润将有所增加。

 

我们的主要部门为汽车部门。包括第4季度的一整年,汽车部门的总营业额都随着技术革新和工业的发展而大幅回弹。和2008年相比较,新事业的利润约增加了10%。此外,正在进行中的项目的利润在2009年一年中达到5.5亿欧元。

 

参考:CEVA 集团的新闻简讯

+ New HK$4 billion warehouse to be built in Hong Kong – DHL,Yusen anchor tenants - (09/03/2010)

HONG KONG - Goodman Group hosted a groundbreaking ceremony for Interlink, its landmark warehouse and distribution development in Hong Kong's strategically important Tsing Yi port district. Valued at more than HK$4 billion (approximately AUD $600 million), Interlink is one of the largest industrial development projects currently being undertaken anywhere in the world and is one of the first major new Hong Kong warehouse projects in nearly a decade.

 

Supply of efficient warehousing space in Hong Kong is increasingly constrained as demand grows and existing buildings are converted to residential and commercial use. Being strategically located for Hong Kong's container ports, the International Airport and major highways to mainland China, Interlink will introduce approximately 5% of prime new space to the local market.

 

When completed in January 2012, the 2.4 million sq ft (222,000 sqm) development will be the fourth largest warehouse in Hong Kong. Designed to high technical and environmental specifications, it will also be among Hong Kong's most modern and efficient warehousing and distribution centres.

 

Approximately half of Interlink's total gross lettable area (GLA) has been preleased to two leading global logistics operators - DHL Supply Chain (Hong Kong) Limited ("DHL Supply Chain") and Yusen Air & Sea Services (Hong Kong) Limited ("Yusen"). Goodman is also in negotiations with other international logistics players for the remaining space.

 

DHL will use the facility to cater for growth in Hong Kong, especially in the consumer, fashion and high-tech industries. The facility will function as one of the primary Asia Pacific distribution centres for the company's business in the fashion and apparel industry. It will supply European-made garments across the Asian market from Beijing to Sydney to Singapore. It will also act as a Service Parts Logistics hub, providing 24/7 urgent response parts delivery to DHL customers in Hong Kong and the Asia Pacific region.

 

Paul Graham, Chief Executive Officer, Asia Pacific, DHL Supply Chain commented "Hong Kong is one of our key markets in Asia Pacific and we remain confident in our growth potential here.”

 

Mr Yasuhiko Nojima, Managing Director of Yusen remarked "As a company, we have 36 years of history and experience here in Hong Kong, and we believe that Hong Kong's role will continue to grow in importance in South China going forward. We are looking forward to seeing the completion of Interlink, and to utilize the modern Interlink facility as the base for our logistics service. The facility will serve as a means by which we are able to satisfy our customers' needs, with our newly-renovated, high-quality and reliable service.”

 

Mr Philip Pearce, Goodman's Managing Director, Greater China said, "Located at the heart of Tsing Yi container port, Interlink is designed to meet all the needs of modern logistics operators. We are delighted that both customers are consolidating their local high value-added logistics operations at Interlink."

 

中文版

 

嘉民公司在香港仓库开发的最为核心的地段青衣港湾地区主办了Interlink的开工典礼,这在香港有着极为重要的战略意义。此工程耗资40亿美元,是嘉民公司在香港筹划了近10年的物流工程。

 

随着需求的不断增加,在香港从原有的居民用住宅楼转换为商业用楼,并同时提供合理有效的仓储空间已经相当困难。Interlink为处青衣核心地段,是香港全新的仓储及配送中心,紧密联系货柜码头,机场及直通中国边境的高速公路,尽占地利。

 

Interlink工程计划于2012年竣工,占地222000平方米(240万平方尺),其规模将成为香港第4大仓库。由于采用了高新的科技并与环境相对应的设计,Interlink将成为香港最现代化最高效率的仓储流通中心。

 

Interlink的租赁面积的近一半,已与世界物流企业DHL Supply Chain (香港)和Yusen Air & Sea Services (香港)签订了租赁合同。嘉民公司计划将剩下的租赁空间与其他的世界级的物流公司签约。

 

DHL在香港力求更大的发展,将把此空间对准流行服饰与高科技产业的消费者。该仓储中心将发挥其地利优势,成为亚太地区的流行服饰产业的物流据点。在欧洲生产的服饰,为亚洲,北京到悉尼,并且为新加坡的客户提供货源。并且36524小时年中无休全天候作业,为DHL的客户提供紧急服务外,还将作为香港,亚洲,太平洋地区的配送据点。

 

DHL的亚太地区会长称“香港是我公司在亚太地区的重要市场,对于其成长性我非常有信心。”

 

YUSEN的总裁称“我们公司在香港有着36年的历史与经验,我们相信香港将为中国南部的经济发展发挥极大的作用。我们非常期待Interlink的建成,这将成为我公司在物流服务业的一个据点。它会连同我公司的高品质并值得信赖的服务,满足客户的需求。”

 

嘉民公司的总裁称“Interlink位于青衣港湾地区的中心,为满足现代物流企业的所有需求而建造。我们为双方的客户能够运用高附加价值的物流设施而感到非常欣慰。”

+ China to enhance industrial restructuring - (08/03/2010)

BEIJING: China intensified industrial restructuring in 2009 in an effort to optimize economic structure and lay a sound foundation for long-term development, Premier Wen Jiabao said at the parliament's annual session Friday.

 

The government encouraged mergers & acquisitions in major sectors and announced stimulus plans for 10 key industries last year. Twenty billion yuan ($2.93 billion) was arranged for 4,441 technological transformation programs last year, Wen said. A total of 151.2 billion yuan from the central budget, 30 percent more than 2008, went to back technology progress. The government will also push energy conservation, emission cuts and environmental protection.

 

The 10 key industries include:

  • auto,
  • steel,
  • shipbuilding,
  • textile,
  • machinery manufacturing,
  • electronics & information,
  • light industry,
  • petrochemicals,
  • non-ferrous metals &
  • logistics.

 

Source: http://www.chinadaily.com.cn

 

中文版

 

中国强化产业重组。

 

温家宝总理在上周五的人民代表大会上指出,2009年为了经济长期健康地成长,采取积极有效的措施打好健全的基础,强化产业重组。

 

去年中国政府鼓励主要产业部门加快合并重组步伐,并接连出台了刺激10个主要产业合并重组的优惠政策。温家宝总理称“政府为4441个技术革新计划准备出了200亿人民币。仅2009年中国为大力支援技术革新从政府预算中拨出了1512亿人民币(比2008年增加了30%)。中国政府还把促进保全能源,削减二氧化碳排放量,保护环境等列入政府的支援项目。上述的10个主要产业为:

 

  • 汽车业
  • 钢铁业
  • 造船业
  • 纤维业
  • 机械业
  • 电子工程以及情报工程业
  • 轻工业
  • 石油化工业
  • 非铁金属业
  • 物流业

参考:http://www.chinadaily.com.cn

+ Top 10 most admired delivery companies - (07/03/2010)

According to the latest edition of Fortune magazine, UPS tops the list of most admired delivery companies. Interestingly, FedEx placed 13th in the overall most admired companies ahead of UPS in 33rd place.  

Japan’s Nippon Express was placed 6th in the delivery industry and Japan Post placed 8th.

Rankings were based on FORTUNE magazine survey which asked businesspeople to vote for the companies that they admired most.

Most admired delivery companies – Top 10

Rank

Company

Overall score

1

UPS

8.20

2

FedEx

7.26

3

TNT

5.96

4

Deutsche Post (DHL)

5.17

5

Poste Italiane

4.56

6

Nippon Express 

4.43

7

Royal Mail Holdings

4.40

8

Japan Post

4.30

9

La Poste

4.23

10

U.S. Postal Service

3.71

Top 50 most admired companies overall

Rank

Company

Rank

Company

1

Apple

26

Starbucks

2

Google

27

Singapore Airlines

3

Berkshire Hathaway

28

Exxon Mobil

4

Johnson & Johnson

29

American Express

5

Amazon.com

30

Nordstrom

6

Procter & Gamble

31

Intel

7

Toyota Motor

32

Hewlett-Packard

8

Goldman Sachs Group

33

UPS

9

Wal-Mart Stores

34

Nestlé

10

Coca-Cola

35

Caterpillar

11

Microsoft

36

Honda Motor

12

Southwest Airlines

37

Best Buy

13

FedEx

38

Sony

14

McDonald's

39

Wells Fargo

15

IBM

40

eBay

16

General Electric

41

Nokia

17

3M

42

Samsung Electronics

18

J.P. Morgan Chase

43

Deere

19

Walt Disney

44

L'Oréal

20

Cisco Systems

45

AT&T

21

Costco Wholesale

46

Lowe's

22*

BMW

47

General Mills

22*

Target

48

Marriott International

24

Nike

49

DuPont

25

PepsiCo

50

Volkswagen

Source: Fortune Magazine, March 2010 

中文版

 

根据最新版的Fortune显示,UPS被评为最值得信赖的配送公司第1位。

 

引人深思的是,前50强企业中,FedEx远远超越了处在33位的UPS,抢占第13位。

 

日本的日通在配送行业部门排名第6位,日本邮政排名第8位。

 

+ Ryder obtains number 1 security ranking in Logistics & Warehousing Sector - (07/03/2010)

Ryder, a global supply chain company was recently awarded number 1 position for its excellence in security within the logistics and warehousing sector.

 

In its most comprehensive security ranking for top corporate, institutional, and government organizations, The 2009 Security Benchmarking Survey, published in Security Magazine , a leading industry magazine examining security threats and solutions, has ranked Ryder (NYSE: R) as number one for security practices in the Transportation, Logistics, Supply Chain, and Warehousing industry sector.

 

Click here for a complete list of all sectors in Security 500.

 

 

中文版

 

Ryder公司荣获物流以及仓库部门安全性第一桂冠!

 

根据Security Magazine(调查业界的安全性以及解决策略的杂志)对2009年基准调查的结果显示,Security Benchmarking Survey的各大公司,民间组织及政府机关的安全性综合排行榜中,RYDER荣居运输,五六,供给及仓库部门的第一位。

 

关于此安全性综合排行榜的500强企业的具体排名,请参考这里

 

+ FedEx cuts prices to lure Chinese online stores - (07/03/2010)

BEIJING: FedEx Corporation is forging ahead in China, one of the fastest-growing e-commerce markets in the world. The Chinese online shopping market is experiencing strong demand from local consumers as companies' refocus on the home market in the face of the global financial turmoil.

 

To make an inroad in China, FedEx has cut its price and launched a series of marketing campaigns to lure online store runners in the country.

 

David L. Cunningham Jr., president of FedEx Express Asia-Pacific, said the company is principally dedicated to the delivery of high value products like personal computers, telecom equipment, and semiconductors in markets out of the country. Fedex is looking to expand product delivery to meet diversifying demand in China. In China sales of daily commodities like mobile phones, apparels, drugs, and cosmetics appear to be extraordinarily robust in the online market.

 

Fedex became the recommended logistics service provider on Taobao.com, a consumer-to-consumer (C2C) e-commerce platform under the arm of Alibaba Group, at the beginning of 2009.

 

Moonbasa.com, a Guangzhou-based underwear retailer that derives 90% of its revenue from online sales, has made FedEx its exclusive logistics service provider, placing more than 5,000 orders every day.

 

Online shopping contributes to one third of the sales revenue for express transportation service providers in the country, said the State Post Bureau, noting that deliverers witnessed over 500 million packages from the online shopping market in 2008. Statistics from Taobao.com showed that the number of orders for package delivery from storeowners on Taobao.com had grown to 3 million every day by June 2009 from about 2 million in 2008.

 

According to recent reports, more than 30% of the online shop owners in China are expected to turn to high-end service providers such as sf-express.com and FedEx within two years. At present, plenty of the express transportation service providers in China are focusing on the online shopping market, generating over 60% of their revenue from that sector.

 

中文版

 

联邦快递聚焦中国的网上购物市场,并及时调整收费标准。

 

联邦快递把今后的重心放在世界上网上购物发展速度最为迅猛的中国。尽管处在世界金融危机最为混乱的当前,中国的网上购物市场仍显示了来自各地消费者的强势需求。为此联邦快递力求在中国市场的更大发展,抢先下调收费标准并开展一系列的促销活动。

 

联邦快递地亚太地区总经理表示,今后将着重于满足中国市场的对于个人电脑,电器通讯设备及半导体等高价商品的多元化需要而积极的扩大业务范围。例如,手机,服饰,药品,化妆品等生活物资品的网上交易将越发活跃。

 

联邦快递于2009年初,被Taobao.com (Alibaba集团的消费者间的电子交易,中国网上交易的龙头老大)选中担任其公司的物流服务代理。Moonbasa.com(以广州为据点,营业收入的90%来自内衣生意。)也把每天5000件以上的订单全权委托给联邦快递。根据State Post Bureau的调查显示,网上交易量将占据全国三分之一的宅急便配送量。(仅2008年就已达到5亿个。)

 

对于在淘宝网上开店的经营者们的统计显示,从2008年到2009年,每天的订单数量从200万个增加到300万个。最新的报告显示,中国的网上购物的经营者们有30%以上将把运输业务转移到服务上乘的sf-express.com和联邦快递公司。现在中国的多数高速运输业者将把利润的60%转移到网上交易市场。

+ China (Guangzhou) International Environmental Protection Exhibition - (05/03/2010)

(Guangzhou) International Environmental Protection Exhibition

 

  • Date: 9-11th June 2010
  • Location: China Import and Export Fair Pazhou Complex Guangzhou China
  • Description: Enviro Guangzhou 2010 will open on 9th-11th June, 2009 in Guangzhou China. With three equally important themes of "Energy-Saving, Comprehensive Utilization, Low Carbon Economy", Enviro Guangzhou 2010 will emphasize the energy-saving products and techniques applied in buildings, new energy such as solar energy and wind energy, and comprehensive utilization of resources, along with the displaying of traditional techniques and equipments of wastewater treatment, air pollution control, noise pollution control, and waste treatment.With the success of last years event, Enviro Guangzhou will have a total exhibition area of 12,000 square meters and 250 companies from mainland China, Italy, Japan and Sweden. More than 15,000 trade visitors and buyers are expected to visit.

中文版

 

第八届中国(广州)国际环保展览会

  • 日期: 201069-11
  • 会场:中国进出口商品交易会琶洲展馆
  • 展览会介绍:由广东省环境保护厅,广东省经济信息化委员会,广东省科学技术厅,广东省住房和城乡建设厅以及中国对外贸易中心(集团)联手举办的第八届中国(广州)国际环保展览会,将于201069日—11日在中国进出口商品交易会琶洲展馆隆重举行。围绕“节能减排,综合利用,低碳经济”三大主题,本届展会除了展出传统的水,气,噪声,固废等治理技术和设备外,还将突出低碳经济的新技术,新能源等。届时预期展出总面积将达到1.2万平方米,共有来自10多个国家和地区的超过250家企业参展,将吸引约1.5万名专业观众及买家与会参观。
  • URL: http://gziepe.fairwindow.com/cn/

+ China to produce world’s top real estate developers - (04/03/2010)

In the next five years, the world will see all of its top 10 real estate developers coming from China, real estate tycoon Wang Shi predicted at a real estate and entrepreneur forum on Sunday 28th February.

 

Wang, chairman of China Vanke Co, the country's largest property developer by market value, made the remarks at the closing ceremony of China Entrepreneur's Forum, held in Yabuli, Heilongjiang province.

 

Wang said it's hard to make predictions on this year's property market as there are many uncertainties, pointing out that a bubble is probable due to the large quantity of new money supply last year. But he said he is certain of an upward trend in the following three years. As an industry leader, Wang's comment is closely watched by the media and fellow developers.

 

中文版

 

中国将领导全球房地产市场

 

美国《华尔街日报》2日报道说,中国最大的房地产公司万科当天公布的2009年度报告显示,该公司2009年实现营业收入488.8亿元人民币,净利润53.3亿元,同比分别增长19.2%32.1%。这意味着,在金融危机中,万科毫无争议地保住了全球最大房地产企业的桂冠。万科董事长王石在接受媒体采访时称,“未来5年全球前10大房地产公司都将是中国企业”。

 

全球最大的房地产商业咨询公司美国高纬物业2日出台的一份报告称,2009年中国房地产投资规模增长了一倍,达到创纪录的1562亿美元,而同期美国房地产投资规模则下滑64%,仅有383亿美元。该报告称,这标志着中国已经取代美国,成为全球最大的房地产投资市场。中国房地产行业的飞速发展引起了国外媒体的广泛关注,它们一方面把这作为中国经济强劲复苏的有力证据,另一方面也表达了对于中国可能出现“楼市泡沫”的担忧。

 

URL:http://estate.chinanews.com.cn/estate/estate-dqjr/news/2010/03-04/2150620.shtml

+ 2010, a good year for investing in commercial property? - (04/03/2010)

2010, a good year for investing in commercial property?

 

2010 will be a good year for investment into commercial property across most markets, LaSalle Investment Management (LaSalle), a US real estate fund with $40 billion under management, said today.

 

As the free-fall in values has stopped in nearly all the major markets and investor confidence begin to restore, global property markets are already seeing a clearer trend on pricing and rising transaction volumes.

 

In China, the best higher return opportunities include the mid-end residential and mid-end retail, particularly in second tier cities. But investors should be wary of competing in an overly-frothy market for properties in Beijing and Shanghai. Warehouse developments in emerging logistic hubs will also provide good growth opportunities, said the report.

 

Jacques Gordon, international director of LaSalle's investment strategy and research, said the company will be more active in seeking deals in China this year and one of their funds, which has $20 billion on hand, has investigated a number of projects in Chongqing, Shenyang and Qinhuangdao.

 

中文版

 

2010年是投资商业设施的好年!?

 

领盛投资管理,是一家运作约400亿美元的房地产资产的美国房地产基金公司,于今日发表了“2010年对于世界大多数的房地产市场来说,都是一个投资商业设施的好年。”的报告。

对于世界各大主要投资市场的调查显示,房地产的资产价值的急速下降已经停止,投资家们的开始逐步恢复信心。房地产市场价格的不透明情况也逐渐改善,刚低产交易额开始增加。2010年,对于投资风险的分析朝着正常化转换。

对于中国二线城市的住宅楼以及商业设施的中长期投资是最有可能获得高利润的一种投资手段。但是对于北京上海的激烈的投资竞争,投资家们却不得不加以注意。然而,对于物流仓库的开发投资会给今后的房地产市场带来持续的成长机会。

 

领盛投资管理的战略调查部门的总监称“今后领盛会更加积极的寻找在中国市场的投资机会,并预计对中国的重庆,沈阳,秦皇岛等城市投资200亿美元。”

+ 3PLs see continued opportunities in China - (02/03/2010)

Third-party logistics providers (3PLs) worldwide are forecasting lower growth, except China which has been identified as a melting pot of logistic opportunities.

            

3PLS in Asia-Pacific, US, Europe and Latin America are entering 2010 with lower growth expectations. 3PLS in Asia-Pacific and Europe that reported layoffs in 2009 are averaging work force reductions of 9% and 12% respectively said The Journal of Commerce magazine.

 

3PLs in all the regions can also expect to capture a bigger share of overall logistics spend as expenditures on outsourcing in the Asia-Pacific region, as a percentage of total logistics costs are expected to rise to 65% by 2011 and 70% by 2014.

 

Logistics is a key industry cluster in China's long-term ongoing economic development plans, says the China Federation of Logistics and Purchasing.

 

Based on China's 11th Five-Year Plan, logistics costs, including transportation, storage and management account for 18.3% of the nation's GDP, and that is approximately twice as much as in the US and European Union.

 

The logistics sector has grown by an average of 14% annually for most of the past decade and total revenue from the nation's logistics industries grew 20% year on year in the first nine months of 2009, reported the National Development and Reform Commission.

 

With a 40% annual growth rate in demand for time-definite logistics services, there are huge opportunities for foreign and domestic 3PLs in China. Foreign 3PLs with carefully crafted strategies can succeed in China's highly fragmented market. It is estimated that over the past decade, foreign 3PLs have captured nearly 80% of the nation's time-sensitive export logistics business.

+ Seven of World’s Top 10 Box Ports Held by Chinese Ports - (02/03/2010)

In the world’s busiest container port rankings, Chinese ports held seven places of the top 10 in 2009. The top three – Singapore, Shanghai and Hong Kong – remained unchanged. Qingdao rose from 10th to ninth on the list, while Rotterdam went down from ninth to 10th.

As for the top three in 2009, Singapore won first place, handling 25.866 million TEUs (down 13.5 percent from 2008); Shanghai, second, 25.002 million TEUs (down 10.7 percent) and Hong Kong, third, 20.925 TEUs (down 14.6 percent).

Ranked fourth place was Shenzhen, which processed 18.25 million TEUs (down 14.78 percent), which was followed by Busan, 11.98 million TEUs (down 11 percent).

Source: JIFFA

+ UPS commences Shenzhen operations - (02/03/2010)

China - UPS launched its inaugural flight at the new UPS Shenzhen Asia Pacific Hub, the company's newly moved intra-Asia hub from its former site in Clark, Philippines.

"The inauguration of our flights in Shenzhen is part of our continued efforts to help our customers execute their trade in the region more efficiently," said Derek Woodward, president of UPS Asia Pacific. "As part of this strategic move, UPS's existing intra-Asia hub operations at Clark will be refocused to serve as the main import and export gateway for the Philippines as well as to continue its role as a leading centre for our service parts logistics operations."

Intra-Asia trade is expected to grow at an annual average rate of 12.2% until 2020, compared to Asia's trade with the US, projected to grow 7.3% annually over the same period.

+ Japan Real Estate Seminar - Global Real Estate Market after the Financial Crisis - (01/03/2010)

Topic: Global Real Estate Market after the Financial Crisis

  • Hosted by: (JARES) Japan Association for Real Estate Sciences
  • Supported by: The Association for Real Estate Securitization (ARES)
  • Time & Date: Friday, 12 March 2010 15:00-17:00
  • Venue: Room 7091 (9F), Bldg. 7, Department of Economics, Nihon University, 2-8 Misaki-cho, Chiyoda-ku, Tokyo

  • Number of Participants: 70 (on a first-come-first-served basis)
  • Registration Fee (Material Fee): JARES members & ARES members - 1000 yen, Others -3000 yen. Please pay the registration fee at the registration desk on the day of the seminar. To register contact Ms. Matsueda of JARES on 03-3213-1844 or email jares@js4.so-ne.jp

Program:

15:00-15:05: Opening Remarks by Chairman of JARES

Hiromi Mitsuhashi - Chairman of Japan Association for Real Estate Sciences,

Professor of Nihon University

15:05-16:05: Speech: Global Real Estate Market after the Financial Crisis

Peter Hobbs - Head of Global Research, RREEF

16:15-16:55: Discussion with the Speaker

16:55-17:00: Closing

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