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    Shipping alliance aims to challenge market leader

    China COSCO Shipping Corp Ltd and three partners, including France's CMA CGM SA, on Wednesday announced a new shipping partnership, OCEAN Alliance, formed to challenge 2M-the world's largest container carrier alliance. Formed by Denmark's Maersk Line and Switzerland's Mediterranean Shipping Co SA, 2M started its operations in 2015, and controls more than 2.1 million twenty-foot equivalent unit...

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    China's business jet sector to see further growth

    A recent slowdown in growth in China's business jet industry will not affect the long-term prospects of the sector, a report said. According to the China Business Aviation Special Report 2016 jointly released by Hurun Report and Minsheng Financial Leasing, at least 1,420 rich Chinese people have the potential to buy 1,750 business jets, which are worth more than $52 billion. More than 9,000 su...

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    New airports needed to boost business aviation

    The number of airports in China is very limited compared with countries where private aircraft ownership is high The lack of airports has long been cited as a factor holding back growth in business aircraft ownership in China. Hoogewerf's latest list of the superrich, released last month, showed that China has the largest number of billionaires in the world at 568, compared to 535 in the Unite...

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