For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian. Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the cost of shipping a container to Europe had surged to roughly $7,000 from $3,000 in December, when Yemen's Iran-aligned Houthi movement escalated attacks on shipping. "The disruptions have wiped out our already thin profits," said Han, adding that higher shipping-insurance premiums are also taking a toll on Fuzhou Han Changming International Trade Co Ltd, the company he founded in 2016.
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Dublin, Jan. 04, 2024 (GLOBE NEWSWIRE) The "Vietnam Logistics Market Outlook to 2027" report has been added to ResearchAndMarkets.com's offering. The Vietnamese Logistics market size has shown increases from 2017 to 2022. There was a decline after 2019 due to restrictions imposed during covid-19; however, the conditions have been better as the market has recovered from Covid 19. The logistics sector in Vietnam is growing due to a surge in the e-commerce sector in response to Covid-19 and incr
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