Spot rates ex-Asia still falling, despite USEC congestion, with more blanks
Container spot freight rates on the main trades out of Asia continued to fall this ...
TSLA: NOT ENOUGHBA: NEW LOW AS TENSION BUILDSGXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BAD
TSLA: NOT ENOUGHBA: NEW LOW AS TENSION BUILDSGXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BAD
Following the deadly clash of Indian and Chinese troops along the disputed border in the Himalayas, numerous reports out of India suggest that customs officials have been told to physically inspect every ex-China import container unloaded at Indian docks. According to BNN Bloomberg: “From active pharmaceutical ingredients that go into the world’s most-consumed drugs to the innards of popular mobile phones, Indian companies purchase Chinese raw materials that feed their finished products. These consignments are now being delayed and firms aren’t sure why.” However, speaking to The Times of India, road transport and highways minister Nitin Gadkari denied the country was specifically targeting shipments from China.
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