China Investment Corp increases net profit to $41.66 billion - (30/07/2010)
China Investment Corp, China’s the
country's $300 billion sovereign wealth fund, increased its net profit last
year to $41.66 billion from $23.1 billion in 2008.
CIC, founded in late 2007, made a positive
return on its overseas investments last year of 11.7 percent. The fund made new
overseas investments last year of $58 billion.
If the domestic portfolio of State-owned
financial institutions is also taken into consideration, the fund has made a
return on registered capital of 12.9 percent, it said.
The fund accelerated its investment activities since May 2009 as the
global economy began to show signs of recovery. That compares to its strategy
in 2008, when the fund kept the bulk of its assets in cash to limit losses amid
the worsening global financial crisis.
Source: China Daily
+ Japan’s Exports continue to recover - (28/07/2010)
Japan has seen sustained growth in
shipments in June despite a rising yen.
Japan's exports rose for the seventh
straight month due to machinery and steel products, climbing 27.7% from a year
earlier to US$67.2 billion. The country had depended on Asia for recovery,
The demand for iron and steel products grew
by more than 46% in the month, while machinery exports soared 50%. Meanwhile,
motor vehicle shipments rose by 40%, AP reported.
Imports in the month also rose 26.1% to
US$59.3 billion, leading to a trade surplus of US$7.9 billion.
However, economists are expecting exports
to slow in the coming months as governments across the world start focusing on
controlling spend and debt.
+ Tokyo Tatemono starts construction of project in Nakano, Tokyo - (27/07/2010)
In June 2010, five
companies started construction on the former site of the Nakano National
The five companies are Tokyo Tatemono, Kajima, Shoei, Nippon Tochi-Tatemono and
Toda, which jointly acquired the land for 143.7 billion yen [$1.6 billion] in
+ Sagawa opens new Tokyo delivery branch - (26/07/2010)
Sagawa Express Co., Ltd., established a new
branch in Tama Hills on July 21st.
This takes the total number of Sagawa's Japanese domestic branches to 361 stores.
Location: 2-9-11 Ikuta, Tama-ku Kawasaki, Kanagawa
15 minutes from IC)
Open from: July
Outline of a facility: Covers an area of
Total floor area: 1,679.79 M2
(Contract only the ground floor)
Field sales office: Steel frame
Fleet number: 25 units (including mini-cars)
* Featured pickup area
Tama Hills is an area dominated by nature
also many residential areas. Sagawa anticipates baggage delivery and mail-order
goods to more than 200,000 people.
+ Kerry Logistics to build 3 warehouses - (23/07/2010)
China - Kerry
Logistics has planned to build three more facilities in Mainland China
by 2011 as part of its plans to strengthen its fashion logistics network in the
facilities will be built in Shanghai, Chongqing and Kunshan.
market share of foreign retail brands in China
will increase from 20% to 40% in 2014, says Global Insight, a US provider of
economic and financial intelligence.
Logistics is currently managing over 40 fashion and retail companies, most of
which are international brand leaders.
"We also offer a wide range of value-added services to our
clients to meet the specific requirement of the Mainland China market, from
Garment-On-Hanger, Chinese information tagging and Chinese care labelling to
pre-retail preparation, quality control and store stock taking," says
Kevin Lam, director of key account and assistant regional director of sales in
Mainland China for Kerry Logistics.
Source: Procurement Asia
+ Foreign Investors focus on China’s real estate - (22/07/2010)
China's property market has seen
soaring investment from foreign institutional investors, driven by strong
expectations of renminbi appreciation this year.
According to CB Richard Ellis,
the value of property transactions in 15 Chinese cities has hit 49.9 billion
yuan ($7.36 billion) in the first-half of this year, among which 19.4 billion
yuan came from foreign institutional investors, 10.2 billion yuan from Hong
Kong, Taiwan and Macao, and the remaining 20.3 billion yuan from mainland
"Affected by the financial
crisis, foreign investors were inactive last year and domestic investors
dominated the market. But due to better liquidity and expectations of renminbi
appreciation, the situation is just the opposite this year," said Danny
Ma, senior director of CB Richard Ellis Research China.
Industry experts say the
renminbi will probably appreciated 3 percent this year.
LaSalle Investment Management, a
real estate fund, for instance, has been actively seeking opportunities in
China, particularly in second-tier cities. Though the fund raised $2 billion
last year, it made no investments at all in 2009. But top management said that
they will definitely reach a deal in China this year.
"We are now in talks with
several projects in the commercial and industrial sectors," Eric Au, China
director of LaSalle told China Daily on Thursday.
Savills Beijing said their
foreign clients have shown much stronger interest in investing in China's
properties, mainly in the office and retail sector.
Source: China Daily
+ Senko Co,. Ltd completes new warehouse, Kanazawa PD Center - (21/07/2010)
service in Hokuriku district is expanded in productivity. Senko Co., Ltd
established Kanazawa PD Center and started to operate in July 13. Senko in Kanazawa used to operate industrial warehouses at 7
places in Kanazawa and
Nonoichi city. Because of the decay in the buildings, need in the hub to
reorganize and industrial expansion, 3 of the warehouses were combined to build
the new warehouse.
in Kanazawa was
mainly working for Kawakami Butsuryou, dealing with textile and food
industry; however, by taking this opportunity they intend to enlarge more in
distribution vender (manufacture and wholesale) and the number
of customer in merchandise. Moreover, by taking advantage of the good
location to access to Kanazazwa, Komatsu, and Shiroyama city, Senko plan to set
up the delivery net work in order to provide high quality delivery service.
name: Kanazawa PD
570-1, Murai-chou, Shiroyama-city, Ishikawa-ken
S(SRC for 4 floors), fire-resistant building
Total floor space: 15，385m2(
Warehouse12,859m2、truck yard1,799 m2、office
and etc 727 m2）
Starting date: July 13, 2010
Facilities: 2 vertical goods elevator, 1
goods elevator (floor loading 3.5ｔ),
2 dock leveler
+ Kuehne + Nagel Group turnover increases 15.9% - (20/07/2010)
During the first half of 2010, the Kuehne +
Nagel Group’s volume development exceeded the market average in all business
units, with accelerated growth in the second quarter. Compared with the
previous year’s period, turnover increased by 15.9 per cent to CHF 9,849
million. The operational result (EBITDA) grew by 1.9 per cent to CHF 475
million while net earnings improved by 8.9 per cent to CHF 281 million.
Kuehne + Nagel Group
First half 2010
First half 2009
Operational result (EBITDA)
+ Large Tokyo Industrial Property 85% leased - (15/07/2010)
LaSalle Investment Management
announced that the occupancy rate of Logi Port Nagareyama exceeded 85%. The
company signed new lease agreements for 10,000 tsubo [33,000 m2] in
total with logistics and other companies between April and June 2010 for the
logistics facility. The remaining 5,600 tsubo [18,000 m2] of space
is currently being advertised for tenant companies.
+ DHL launches new LCL Service from India to Los Angeles - (14/07/2010)
DHL has announced the launch of its new direct
Less than Container Load (LCL) service from Nhava Sheva,
India to Los Angeles, USA.
Operated by Danmar Lines, DHL's in-house carrier, the new service will
facilitate trade between India
and the USA
and offers customers services with a reduced transit time of 26 days between
the two ports.
"The US is India's 2nd
largest export partner and 3rd largest import partner. The launch of this
direct LCL route connecting Nhava Sheva to Los Angeles will further facilitate foreign
trade between the two countries and support the growing needs of small and
medium enterprises. This service will enhance the strong global connectivity
offered by DHL's extensive LCL network and will help customers expand and
strengthen their supply chain in the India-USA trade lane," said Amadou
Diallo, Chief Executive Officer, South Asia Pacific, DHL Global Forwarding.
Christoph Remund, Chief Executive Officer, DHL Lemuir Logistics Pvt.
Ltd., added, "The launch of DHL's new LCL service from Nhava Sheva to Los
Angeles is strategically planned in time to meet the growth of foreign trade
amidst the global economic recovery. DHL dedicates substantial resources
to continue developing and maintaining highly effective services that include
traditional LCL services and multi-vendor buyers' consolidations for shipments
sourced from single and multiple countries," he added.
"DHL recently launched an LCL consolidation weekly service
from Cochin to Colombo, and with the introduction of this
new service, we have further strengthened our network and ocean freight service
offerings to support the needs of our customers. To offer cost-effective
and innovative solutions to customers, we are constantly looking for
opportunities to extend our LCL service offerings while contributing to the
thriving Indian economy," said Sanjay Tejwani, Director – Oceanfreight,
DHL Global Forwarding India.
Source: Transport intelligence
+ APL Logistics, Sumitomo Warehouse Co., form alliance - (12/07/2010)
APL Logistics today
announced a strategic alliance with Japan’s Sumitomo Warehouse Co. to
jointly market global supply chain services.
Under the agreement,
Osaka-based Sumitomo will offer its warehousing and other logistics
capabilities in Japan
to APL Logistics customers. APL Logistics, part of Singapore’s NOL Group, will make
its global services available to Sumitomo customers. The alliance partners
said they’ll jointly market services and offer preferential rates to clients.
“We’re delighted with
this alliance because it dramatically strengthens the capabilities of both
organizations,” said Jim McAdam, President of APL Logistics. “What’s more, it
permits us to support each other through business leads and joint sales efforts
with a broad international client base.”
The alliance brings
together two top names in supply chain management. APL Logistics provides
origin, destination and transport services to multinational clients in major
world markets. Century-old Sumitomo provides a range of supply chain services
emphasizing integrated distribution.
Source: APL Logistics
+ DHL Global Forwarding and Freight to have multi-modal solutions in China - (08/07/2010)
DHL Global Forwarding
and Freight to have multi-modal solutions in China
DHL's Global Forwarding
and Freight division has decided to roll out a suite of solutions which will
combine air, road, rail and sea transportation to move cargo from China
to the rest of the world.
Through this, it will
help ease the capacity shortage for air and ocean freight from China. It will
also help companies to significantly reduce transport costs by 20-50% and
carbon emissions by up to 89%.
Hermann Ude, CEO of DHL
Global Forwarding and Freight says multi-modal solutions will shape the future
of logistics as companies look for ways to reduce their carbon footprint and
investments in infrastructural development - road, rail and world-class international
flight connectivity - have opened up new possibilities for scheduled, reliable
and flexible door-to-door services through the combined use of different
transport modes," he adds.
+ Distribution facilities in the Tokyo Bay area three properties acquired - (07/07/2010)
is the world's leading real estate investment advisor Investment Management,
Inc. (Nasdaq: Chicago,
Illinois, Chief Executive Officer: Jeff Jacobson, the "LaSalle") today announced
the composition of the La Salle SPC TMK Beipuropati Tokyo , the Tokyo Bay area
distribution facility three properties
acquired and released.
positioned real estate assets with stable income distribution,2001since,
actively investing in logistics facilities has. So far the country of 35distribution
facilities in the property investment experience,we have been contributing to
the management efficiency of domestic enterprises due to off-balance.Demand for
efficient logistics facilities in large underlying strength to continue, and a
growing willingness to invest in Japanese real estate investors abroad
logistics, "LaSalle Japan Logistics Fund
the operation of the future,one and a half years approximately1,000-1500we plan
to invest 100 million yen.
LaSalle Investment Management
Co. Executive Officer (Logistics Division), Yoshikawa,Yosuke, "The logistics of
this facility three properties but was introduced as a first sale of
nonperforming loans on collateral,location, tenants, building design and
scrutinized results, judged sufficient to meet our investment criteria, led to
obtain.ability to leverage and asset management expertise that we have detailed
the distribution facilities, this3-up value of the property value We will.in the
future has been secured for a variety of domestic bad loans will continue to
actively promote the acquisition, including the foundation for the development
of high quality logistics facilities, "he says.
+ DHL and National University of Singapore launch sustainable Supply Chain Centre - (06/07/2010)
DHL and The Logistics Institute - Asia
Pacific (TLI – Asia Pacific) of the National University of Singapore
(NUS), have announced the establishment of the S$3 million Sustainable
Supply Chain Centre of Asia Pacific (SSCCAP).
The Centre will create practical business tools for the industry to
establish benchmarks in areas of sustainable logistics solutions, involving
research and education.
Paul Graham, CEO, DHL Supply Chain Asia Pacific,
commented: "Given the projections for supply chain logistics growth in the
region, there is a need for an Asian focus on sustainability. As a leading
logistics company, DHL sets industry standards with its Group-wide GoGreen climate
protection program, which aims to improve the company's carbon
efficiency. Through high-level research, surveys, conferences and forums,
the Centre will create new tools, best practices and know-how that will put the
region at the leading edge of innovative sustainability practices."
Opening in July 2010, the SSCCAP will be hosted at TLI – Asia Pacific
at the National University of Singapore. TLI – Asia Pacific has a strong
reputation in the industry and has established solid industry and customer
links. Partnering the Georgia Institute of Technology in the US, TLI – Asia
Pacific already offers a Logistics Double Masters and Masters in Supply Chain
+ Real estate trust balance drops by Y600billion - (05/07/2010)
total value of real estate securitized through trust bank accounts was 25.8
trillion yen [$280 billion] as of March 2010. This
fact was contained in the "Entrustment Overview" announced by the
Trust Companies Association of Japan. The
balance decreased by 600 billion yen [$6.6 billion] compared with one year ago.
The real estate trust balance has been decreasing since the survey conducted in
+ Number of real estate investment trusts (REITs) in Asia expected to expand - (02/07/2010)
HSBC expects the number of real estate investment trusts (REITs) in Asia to surge over the next 3 to 4 years due to demand for more risk-averse property investments.
Asia is seeing increased activity in the REIT IPO market this year, with the successful listing of Cache Logistics Trust (CALT.SI) in Singapore, while Sunway City (SWCB.KL) plans to list its REIT in Malaysia in July.
"I see proliferation of REITs, absolutely. I think we'll have twice as many REITs in Asia as we do today in the next three or four years," according to Jason Kern, at HSBC.
Kern expects Singapore to see the most activity, with around 20 more likely to be listed there in the next 3-4 years from companies all around Asia. Singapore has more than 20 listed REITs.
Australia could see a few more, while Malaysia is showing signs of growth, he added.
REITs invest in mainly commercial property and pay rent collected from their properties to shareholders as dividend and hence, some investors see them as safer investments than property stocks.
REITs also usually offer returns that are higher than yields of government bonds.
CHINA & INDIA
In terms of opportunities in Asia, Kern said emerging markets, such as China and India offered huge potential. However Kerns comments that China has been a frustrating market for people to invest in just because it is more opaque. There are much bigger hurdles in terms of tax, friction, in terms of getting capital in and out of the country.
He also noted that the capital going into India has dried up quite a bit for the moment but it will come back when the overall market improves.
As for Japan, currently Asia's largest real estate sector and the world's second-biggest economy, it is a different story with tens of billions of dollars worth of maturing debt coming up in the next year or so.
"For those there salivating over the potential distressed opportunities, it's been less than people expected," Kern said. "The firesales haven't really happened to a large extent."