Thursday, May 19, 2005

Other cool stuff from Xinhua

'Car export goals hurt by ship shortage,' that's the headline. Can't they just drive them to wherever?
The ro-ro (roll on/roll off) niche shipping market, with some 425 ships, is dominated by the three big Japanese lines of Nippon Yusen Kaisha, Kawasaki Kisen Kaisha Ltd. and Mitsui O.S.K. Lines Ltd., which have little capacity to spare for China right now.
Foreign makers didn’t export from China until late last year. But foreign firms will spend over US$15 billion to triple output capacity by 2008 to 7 million cars, with most set for export.

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