Resumen de Logistics cost set to rise as China cuts truckload volume

Wayne Yamada, Davide Ghilotti, Yoke Wong

• "The key is there are no trucks, I couldn't find trucks even for deliveries from Shanxi to Tianjin port - [a distance of 600-700km]," the bauxite producer added.

  Yingkou Magnesite Chemical Ind Group vice president Yunhong Yang said at a conference last week: "Recent truck freight is increasing while labour cost is stable. Luckily we are only 60km away from Yingkou Bayuquan Port, the second biggest port in north China." "We recently reached an agreement to purchase two 2010-built South Korean Capesize vessels at a price of $20.75m each. The acquisition price compares very favourably with similar secondhand Capesize vessels, which have averaged approximately $35m over the past five years," [Stamatis Tsantanis] said.