◂Home    China / Economy News

Fri, 09 Apr 2021 12:00   Reuters

Container backlog, global supply chain disruption from Suez Canal crisis could take months to clear

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources said. Dozens of container ships were stuck when the Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.The suspension of sailings through the waterway left shipping companies – including container lines – with millions of US…

Source and full article

Most read

China’s Star Market introduces new listing rules that could freeze out Ant Group for good

China has banned companies whose main business is financial activities...

Sun, 18 Apr 2021 20:07
China’s digital currency won’t topple US dollar ‘so easily’, senior Bank of Japan official says

A senior Bank of Japan (BOJ) official downplayed the potential for Chi...

Fri, 16 Apr 2021 11:01
China-Australia relations: what’s happened over the past year, and what’s the outlook?

Relations between China and Australia have become fraught over the pas...

Tue, 20 Apr 2021 04:30
China’s company finance chiefs see business improving in 2021 as world emerges from pandemic, Deloitte survey finds

Financial controllers at companies operating in China are expecting th...

Thu, 15 Apr 2021 10:00
Five Guys to move into cosmetics retailer Sa Sa’s space on Russell Street as landlord drops rent by more than half

Five Guys, the American burger chain, is opening a branch on Russell S...

Thu, 25 Mar 2021 13:07