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Shipping: China export rebound doesn t mean that the halcyon days are back | Hellenic Shipping News Worldwide

Shipping: China export rebound doesn t mean that the halcyon days are back | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Republic ofLindsay chenKenneth lohCosco shipping holdings coInternational maritime organizationWan hai lines ltdEvergreen marine corpHai lines ltdNippon yusenWorld containerBloomberg intelligence

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.

Republic ofLindsay chenKenneth lohInternational maritime organizationCosco shipping holdings coEvergreen marine corpWan hai lines ltdHai linesEvergreen marineCosco shipping holdingsNippon yusenWorld containerBloomberg intelligenceChinese exports

Shipping: China export rebound doesn t mean that the halcyon days are back

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

Republic ofLindsay chenKenneth lohCosco shipping holdings coInternational maritime organizationEvergreen marine corpWan hai lines ltdHai lines ltdNippon yusenWorld containerBloomberg intelligence

Spot container rates continue their upward spike

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.

New yorkUnited statesCity ofUnited kingdomLos angelesWorld container

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/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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