AFRICA: SHARP INCREASE IN SHIPPING COSTS

Article Abstract:

A recent maritime trade review of the United Nations Conference on Trade and Development revealed that sea freight costs are increasing in developing countries, where the freight factor rose from 8.04% in 1997 to 8.06% in 1998, especially in Africa, where the freight factor in 1998 was 11.36% which, according to Paul Page marketing manager of OT Africa Line, is due to high port charges at African ports and the fall in prices of traditional African exports which has badly affected the foreign exchange reserves of governments leading to lack of investment in port facilities and infrastructure inland. However, the review showed that shipping in the developed world is getting cheaper with the fall in freight factor from 4.17% in 1997 to 4.07% in 1998.

Freight Transportation, World, Africa, Deep sea foreign trans. of freight, Deep Sea Freight Transportation, Merchant Ships, Freight transportation industry, Shipping industry, Freight forwarders

---

CHINA: YABUY.COM TO SCALE DOWN ITS BUSINESS

Article Abstract:

It is learnt that failure to secure credit from bankers is the main reason that caused Yabuy.com's financial difficulties. In line with this, a Beijing-based warehouse that is owned by the Chinese online auction web site, which focuses on antiques and art items, may be closed down. Meanwhile, in January 2001, operations of Yabuy.com's administrative subsidiary based in Shanghai will be terminated. Separately, Yabuy.com is envisaging a consolidation with Eastnet.com that is an online auction entity based in China.

China, Strategy & planning, Acquisitions & mergers, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Online services, Internet services

---

Similar abstracts:

• Abstracts: EUROPE: EC ROAD PROPOSALS AIM TO BENEFIT ALL. UK: P&O'S CONTAINER TRANSPORT PORTAL. EUROPE: CALL FOR GREEN TAX FORTRUCKERS
• Abstracts: US: US GOVERNMENT TO RULE ON RAIL MERGER STATUS. EUROPE: LIBERALISATION OF RAIL FREIGHT. UK: RAIL PROBLEMS REDUCE FREIGHT EFFICIENCY
• Abstracts: 'We'll get your motor running.'(Cars and Trucks 2000)(Product Announcement) Cars and trucks you'll love

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.