Shippers better hope things don't go back to normal
The recent rise in the shares of the Asian shipping companies was boosted on optimism that Chinese exports could see a rebound and the worst for the sector was almost over.
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The recent rise in the shares of the Asian shipping companies was boosted on optimism that Chinese exports could see a rebound and the worst for the sector was almost over.
No other major sector on the planet benefited more from the pandemic than ocean carriers. But now that consumption is slowing and supply chains are diversifying away from China, the maritime sector must face a reckoning it avoided when the pandemic threw international trade and logistics into disarray
Spot container rates rose 2.5% this week. But just like the past two weeks, rates to Los Angeles and New York saw steeper hikes.
/PRNewswire/ -- Today, The Tragically Hip's best-selling greatest hits compilation, Yer Favourites, is now available on vinyl for the first time ever....
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