USTR fee could price Chinese carriers out of US trades
The October implementation of the US Trade Representative port fees will mean a “forced concentration” ...
In what is possibly the least surprising news in container shipping – other than freight rates are on the slide – Chinese business title Caixin reports today that the government has given formal approval to Cosco and China Shipping to merge, following months of talks. Formal announcements from the partially state-owned companies are expected tomorrow, but the practicalities of the deal will be messy – according to Caixin sources, “China Shipping Group will be transformed into a financing company for ...
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