NEWSROUNDUP
a wide range of logistics services, cov-
ering A-to-B forwarding, time sensitive
reefer logistics to advanced supply chain
management solutions, and consultancy.
Real pain
The transaction is to commence in Sep-
No sector has been safe from the global recession, including industrial and logstical real
tember. In the interim period, the supply
estate. Shanghai, due to its position as a logistics hub for Asian exports, has been particularly
chain services will continue under the
hard hit by the slowdown in North America and elsewhere. In contrast, domestic logistics
brand, Maersk Logistics and the forward-
hubs such as Chongqing have fared better. Take a look at how the global real estate giant CB
ing services will continue to be delivered
Richard Ellis’ industrial and logistical properties in Shanghai have done over the past year:
under the Damco brand.
Rolf Habben-Jansen, CEO of Maersk Lo-
gistics and Damco, said: “Under the new,
Q2 2009
3-mths 6-mths 12-mths
Change Change Change
single brand our primary drivers remain
our passion for customers and our dedi-
Land Price
cation to service delivery. And our teams
(RMB/sm)
1,207.6 +0.8% -3.1% -5.7%
across the globe will become even easier
Average Rent
to do business with than before.”
(RMB/sm/mth)
47.5 -2.5% -7.0% -6.7%
Factory Rent
Retail
(RMB/sm/mth)
26.2 -3.8% -12.8% -21.9%
Nokia feels the heat as Chinese
Warehouse Rent
retailers boycott their products
(RMB/sm/mth)
26.4 -4.0% -5.4% -8.4%
More than 100 cell-phone wholesalers
Business Park Rent
in Hunan and Shandong provinces have
(RMB/sm/mth)
90.1 -1.6% -5.6% -0.6%
sent a letter of protest to the Finnish
A roundup of logistics related news
China Investment Corpora- China Chengtong Group to CNPC buys holding company’s
tion invests AUD 200 million in cooperate with China Railway gas pipe asset for RMB 9.7
Goodman Group Container Transport Co., Ltd. Billion
Beijing Times China Shipping Gazette Zhengyi Wu, Shanghai Securities News
Australia’s Goodman Group recently an- China Logistics Corp., a subsidiary of CNPC announced its plan to purchase
nounced an investment it received from China Chengtong Group, has reached its holding company’s gas pipe asset for
China Investment Corporation (CIC) and a strategic corporation agreement with RMB 9.7 billion. On June 18th, CNPC’s
Macquarie Bank Limited of AUD $485 mil- China Railway Container Transport Co., Board of Directors consented for its pipe-
lion; CIC committed AUD 200 million of it.. Ltd. Both sides said that they will use the line branch to reach an agreement with
“We view a relationship with CIC as highly agreement to corporate more effectively China Petroleum Pipeline Co., Ltd., anoth-
strategic and believe that together we can in the railway container business. Cur- er subsidiary of CNPC’s holding company.
capitalize on the significant opportunities rently China Chengtong Group is seeking The asset acquisition includes one crude
created by current market conditions,” cooperation opportunities to ensure their oil pipeline and one refined oil pipeline that
Greg Goodman, chief executive of Good- large size warehouses, location advan- lie between Urumqi and Lanzhou, 1858
man Group said. tage, and professional operation skills are kilometers in length.
put to effective use.
22 JULY/AUGUST 2009
www.chainaonline.com
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