OceanX: Calculating capacity; carriers in the dock; Covid concerns climb
Big is still beautiful
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
The worrying reports of a new upsurge in coronavirus cases in Beijing this week sees supply chains again take a central role, according to this news report from Reuters. The new outbreak has been linked to one of Beijing’s largest food markets and, given the country’s reliance on meat imports from the US and Brazil – the two worst coronavirus-hit countries, respectively – officials in the nearby port of Tianjin are now understood to be inspecting every single reefer carrying imported meat through its facilities for coronavirus, leaving Chinese importers fearing the build-up of large backlogs of cargo. “Authorities usually conduct food safety tests on a random sample of about 10% of frozen meat shipments. Now, every container in Tianjin is opened and boxes pulled out for coronavirus tests.”
Comment on this article