Carriers forced to seek alternatives as capacity crunch at Colombo Port tightens
Terminal capacity pressure building in Sri Lanka’s Colombo port, linked to the Red Sea-linked transhipment ...
BA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING
BA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING
Not the huge pile of debt within China’s economy itself, but the prohibitive debt it is managing countries into, via signing them up for One Belt, One road projects – projects built by Chinese companies with funds lent by the Chinese government to the host nations, thus either plunging them into decades of interest payments or ceding part-control over what are supposedly national assets. The most obvious example is Sri Lanka and its new port of Hambantota, which the Sri Lankans have had to hand over to the Chinese with a century-long lease, after repayments became impossibly high. It is not the only example: Djibouti, Kyrgyzstan, Laos, the Maldives, Mongolia, Montenegro, Pakistan and Tajikistan could all find themselves in similar positions.
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