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Suez Cheap 2017 Mens Air Jordan 13 Altitude Green 414571-042 For Sale , Egypt, May 20 (Xinhua) -- A giant Chinese shipping company is looking forward to the opening of Egypt's new Suez Canal waterway as it will enhance world trade.
"The new canal will save both time and money," Qin Haipin, liner manager of China Shipping Container Lines (CSCL) in Egypt, told Xinhua.
Qin said the geographical position of the Suez Canal makes it the shortest route between East and West.
"This saves time, fuel consumption and ship operating costs and gives us some flexibility in managing capacity www.airjordanretro13altitude.com/jordan-13-altitude.html ," said Qin, whose company has six offices in Egypt.
CSCL, which has a fleet of over 150 vessels including the world's largest container ships, believes that the new Canal can cope with the development in ship sizes and tonnages.
The current Suez Canal facilitates only one-way traffic since it is too narrow for large ships to cross both directions.
However, the new canal will solve this problem by cutting the ships waiting time from 11 to three hours.
"The cost saving by the new canal would be around 60,000 to 70 air jordan 13 altitude green mens ,000 U.S. dollars per ship," Zhou Chenwei, captain of CSCL's "Indian Ocean" vessel, the world's largest container ship that has crossed through the Suez Canal Tuesday, told Xinhua.
The "Indian Ocean" ship is 400m in length and 58.6m wide, about the size of four football fields. It can carry 19 air jordan 13 altitude mens cheap ,000 twenty-foot equivalent unit (TEU) shipping containers.
The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea and the Red Sea. It was opened for navigation in November 1869 after 10 years of construction.
The 163 km-long waterway is one of the most important waterways in the world since it allows ships to travel between Europe and South Asia without navigating around Africa, thereby reducing the sea voyage distance between Europe and India by about 7,000 kilometers.
In August last year, Egypt launched a project to dig a new 72-km canal alongside the original Suez Canal. The new canal is supposed to be inaugurated this August and is expected to provide more than one million job opportunities.
The new artificial waterway, which is part of a larger project to expand Suez port and shipping facilities and build large industrial zones air jordan 13 altitude mens shoes , is designed to raise Egypt's international profile, and build the nation as a major trade hub.
Zhou Chenwei said that Chinese ships are among those which cross the Canal most. Since the New Suez Canal could save a lot of time and oil cost, it will help CSCL provide a better service for the prosperity of international trade along the line and thus make a contribution to achieving China's "One Belt, One Road" strategy.
"Egypt is a key player in implementing the strategy. The Suez Canal will also play a key role to make the strategy a reality," he said.
WASHINGTON, Feb. 11 (Xinhua) -- In her first testimony to the Congress air jordan 13 altitude mens for sale , U.S. Federal Reserve Chair Janet Yellen reiterated central bank's plan to taper its stimulus exit despite recent weakness in the economy.
The current economic situation and outlook, as well as the monetary policy, were the main focus of the hearing held twice a year.
Yellen told lawmakers she expected "a great deal of continuity" in the central bank's monetary policy, saying that she served on the Fed policy-setting committee as the bank formulated its current policy strategy and she strongly supported that strategy.
Yellen, 67, took the oath of office to lead the Federal Reserve System on Feb. 3 air jordan 13s altitude mens , succeeding Ben Bernanke, who stepped down after eight turbulent years. She was previously the Fed's vice Chair.
In the public debut in her new role, Yellen said while the economy gained steam at the end of 2013, recovery in the U.S. labor market was "far from complete," underscoring the importance of considering more than just the unemployment rate when evaluating the conditions of the labor market.
Her point of keeping an eye on wider range of labor indicators is particularly important as the unemployment rate, now at 6.6 percent air jordan 13 altitude mens , is near the 6.5 percent threshold the Fed once identified as the level that would need to be reached before officials would consider a hike in the interest rates.
"If coming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its long-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings," Yellen indicated steady pullback in Fed stimulus, referring to the Federal Open Market Committee, which sets monetary policy.
While admitting she was "surprised" by the two recent jobs reports that showed the pace of job creation running under what she had expected, Yellen cautioned against jumping to conclusions of the longer trend. She told the Congress that the Fed needs to see a "notable change" in the economic outlook to consider pausing its withdrawal of stimulus.
The Fed trimmed its monthly purchases of Treasury and mortgage- backed securities by a total of 10 billion dollars in both December and January jordan 13 altitude green mens , citing strengthening economy and continued improvement in the labor market.
The Fed policymakers have suggested they would continue to reduce the bond buying, which now totals 65 billion dollars a month, at a similar pace at each Fed meeting and end it by the end of 2014, provided the economy develops generally in line with expectations.
Yellen also highlighted the Fed's financial regulatory role, saying that the work of making the financial system more robust " has not yet been completed."
GENEVA, Aug. 22 (Xinhua) -- A man was shot dead in a mosque in St. Gallen in north-eastern Switzerland on Friday afternoon jordan 13 altitude mens cheap , local media reported.
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