EU port operators can share costly electric container handling equipment
European terminal operators appear to have been given the green light by EU competition regulators ...
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 TRADEAAPL: SUPPLY CHAIN BET
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 TRADEAAPL: SUPPLY CHAIN BET
Who would have thunk it? That state-owned ports restrict competition and abuse market position to price-gouge customers? But the interesting aspect, as this report from Splash247 shows, is that the government has decided they aren’t going to let them get away with it, following a ruling handed down by China’s National Development and Reform Committee, which ordered ports such as Shanghai, Tianjin, Ningbo and Qingdao to open up their towage services markets and reduce container handling fees by 10-20%.
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