Page 2 - சீனா சர்வதேச கடல் கொள்கலன்கள் குழு இணை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Updated Jan. 3, 2021 11:34 pm ET HONG KONG—A logjam in the global shipping industry is testing the resilience of China’s exporters, who have driven the country’s economic recovery by churning out goods to meet surging global demand during the Covid-19 pandemic. That demand in recent months has outpaced the capacity of a global shipping industry that has been slowed by pandemic safety measures. Chinese exporters have been paying sharply higher rates and struggling to find containers for their goods. Chen Yang, who runs a textile trading unit at a state-owned enterprise in the southern city of Hefei, said the business, which mostly exports to the U.S., has weathered the pandemic and the China-U.S. trade war, but he expected to lose money in 2020 in part because of a sharp rise in shipping costs.

Chen yangCharles du caneDerek liTony chenStella yifan xieHua jooQilai shen bloombergFiona fuNational retail federationSeastar maritime ltdGuangzhou port groupLiner research servicesChina international marine containers group coDow jones company incShenzhen xuewu technology coChina container industry association