shipping

China's surprise COVID pivot offers fresh hope to shipping markets

China’s surprise COVID pivot offers fresh hope to shipping markets

Leave a Comment / Markets / By

Shipping stocks slid as Chinese protesters took to the streets. But the civil unrest is proving positive: the Chinese government is easing COVID restrictions faster than expected, which should support tanker and dry bulk demand and improve containerized cargo flows. The abrupt change in policy coincides with other bad news about Chinese exports. On Wednesday, …

China’s surprise COVID pivot offers fresh hope to shipping markets Read More »

Container shipping rates continue to fall, no sign of market bottom yet

Container shipping rates continue to fall, no sign of market bottom yet

Leave a Comment / Markets / By

So much for the theory that container lines are a nefarious cartel capable of controlling freight prices – spot rates continue to fall more than a year after peaking. “This cliff from which rates have fallen shows that there is more competition in the market than many people feared,” Patrik Berglund, CEO of rate-tracking firm …

Container shipping rates continue to fall, no sign of market bottom yet Read More »

VinFast is shipping 999 of its EVs to California as the Vietnamese company seeks a place in the US market

VinFast is shipping 999 of its EVs to California as the Vietnamese company seeks a place in the US market

Leave a Comment / Markets / By

Get ready, America; VinFast is on the way. The Vietnam-based electric vehicle maker is taking the slow boat to California as it sends its first batch of 999 VF 8, the company’s 5-seater electric SUV, to America aboard the Silver Queen, a Panamanian charter vessel. The Silver Queen is expected to arrive in the Sunshine …

VinFast is shipping 999 of its EVs to California as the Vietnamese company seeks a place in the US market Read More »