Surging transhipment cargo means SE Asia ports must cooperate, not compete
The combination of challenges posed by the Red Sea crisis and an early peak season, ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
If you increases taxes by as much as 500%, as Donald Trump has managed to do on some goods from China to the US, a lot of shippers are going to spend far more time looking for ways to avoid the tariffs than hoping consumers will simply accept higher prices. According to this analysis from Quartz, the US could already have lost some $60m in unpaid duties on Chinese goods that have been relabelled and transhipped through non-China ports. “Like a dam in a river, the new tariffs are sending goods flowing in different directions, carving new channels for the global supply chain. Mislabelled Chinese goods are a bellwether for the next evolution of global industrial clusters already emerging in the wake of coronavirus and rising protectionism.”
Comment on this article