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Orders for new cargo ships have rushed to Chinese shipbuilders in the past week, as the sky-high profits of shipping companies boosted by skyrocketing shipping costs amid the COVID-19 pandemic have given major momentum to new orders, the Global Times learned. According to some calculations, global shipowners have made new orders worth at least about ...

Demand comes from profitable ocean freight sector

Orders for new cargo ships have rushed to Chinese shipbuilders in the past week, as the sky-high profits of shipping companies boosted by skyrocketing shipping costs amid the COVID-19 pandemic have given major momentum to new orders, the Global Times learned.

International traders and industry players fret the widening sanctions against Russia by the West would further disrupt the global supply chain, already pressured by the COVID-19 pandemic. They are keeping a close watch on how the situation evolves and make due contingency plans, the Global Times learned. Global shipping lines are bearing the brunt of ...

International traders and industry players fret the widening sanctions against Russia by the West would further disrupt the global supply chain, already pressured by the COVID-19 pandemic. They are keeping a close watch on how the situation evolves and make due contingency plans, the Global Times learned.