ZERO HEDGE writes: (Authored by Ryan McMaken via The Mises Institute) In the wake of mounting tensions between the US and Russia over Ukraine, one now finds countless media stories on the “China-Russia axis” and the “bond between Russia and China.” The ideological benefit of connecting Russia to China is undoubtedly clear to anti-Russia...
Intra-Asia freight rates from China are soaring as forwarders discover “it’s not just Maersk” giving them the cold shoulder. One forwarder in Shanghai told The Loadstar that 90% of container vessels departing China’s ports were delayed – bottlenecks in destination markets the main culprit. He added: “After a period of soft rates for...
Lockdowns across China’s Zhejiang province have prompted multiple factory closures, and new restrictions have been placed on trucking. China reported new Covid cases in Tianjin and Guangzhou this week, including the Omicron variant, but the outbreak in Zhejiang, another major manufacturing heartland, remains the most serious. For example, 20 listed companies operating in...
Cargo in aircraft passenger cabins will no longer be accepted by China in the new year – a move expected to keep air freight rates high. China’s Civil Aviation Administration (CAAC) said “only anti-epidemic-related items are allowed to be loaded in the cabin”. It added: “At the same time, the new regulations also...
BBC reports: A social media post from an account linked to the Chinese Communist Party has sparked controversy for appearing to mock India over its coronavirus crisis. The post on Chinese site Weibo showed an image of a rocket launch in China alongside a photo of the bodies of Covid victims being cremated...
Al Jazeera reports: (Taipei says 25 Chinese air force aircraft entered Taiwan’s air defence identification zone and flew in an area close to the Pratas Islands on Monday.) Twenty-five Chinese air force aircraft including fighter jets and nuclear-capable bombers entered Taiwan’s air defence identification zone (ADIZ) on Monday, the island’s government said, the...
REUTERS reports: The Philippine military is sending light fighter aircraft to fly over hundreds of Chinese vessels in disputed waters in the South China Sea, its defence minister said, as he repeated his demand the flotilla be withdrawn immediately. International concern is growing over what the Philippines has described as a “swarming and...
SUPPLY CHAIN DIVE reports: – U.S. companies importing goods from China could be missing out on a large pool of tariff refunds, which C.H. Robinson estimates add up to about $980 million for its customers alone, the transportation firm announced this week. – The clock is winding down on shippers’ ability to get refunds...
