Virgin Atlantic Cargo axes Shanghai route over cost concerns
Not even boundless volumes of ecommerce could save Virgin Atlantic’s Shanghai route, as higher costs ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
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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