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China Could Hand Putin a Lifeline As Sanctions Devastate Russia's Economy

Not all forecasts are rosy, however. Over the weekend, a Biden administration official said China did appear to be respecting U.S. sanctions. ....

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Trans-Pacific container bottlenecks likely to last until end of Q2: Hapag-Lloyd

Trans-Pacific container bottlenecks likely to last until end of Q2: Hapag-Lloyd
Port congestion and other logistical bottlenecks that are delaying container ship services and keeping freight rates elevated are likely to last until the end of the second-quarter, German shipowner Hapag-Lloyd’s North America President Uffe Ostergaard said on Feb. 4.
Congestion at US ports will get worse in the months ahead before it gets better, Ostergaard said in a virtual forum. The growing queue at the Ports of Los Angeles and Long Beach, strained beyond capacity by relentless import volumes, will push ships towards other ports and create further pile-ups elsewhere. ....

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