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Monday, July 6, 2020

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China carrier takes industry losses to new lows

Posted to Far East Maritime (by Greg Knowler) on April 3, 2012

Just when you thought the 2011 shipping industry losses could not possibly get any worse, along comes one of China’s state owned carriers to set the benchmark at a new low. As China’s largest line, that honour naturally fell to Cosco, and the…

Yangtze shipping left high and dry

Posted to Far East Maritime (by Greg Knowler) on January 25, 2012

The Year of the Dragon begins now, represented in the Chinese zodiac by the Water Dragon. There is some irony in that, because the worst drought in 50 years has forced Chinese maritime authorities to close the Yangtze River above the port of Wuhan, more than 600 miles upriver from Shanghai.