Shipping snarl-up at Chinese ports ahead of Chinese New Year
Singapore
A HUGE traffic jam of hundreds of ships carrying coal and iron ore into China has built up outside key ports such as Tianjin and Caofeidian, just as winter demand hits its peak ahead of the Chinese New Year holiday later this month.
Major northern Chinese ports have suspended loading of ships several times since Dec 20 due to poor visibility largely caused by smog that has enveloped large parts of northern China at various times in recent weeks.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed