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China looks inwards as export demand remains weak

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

China became known as the world’s factory by offering manufacturing costs that could not be matched by the developed nations. Its wages paid to uneducated rural migrant labour were a fraction of the mostly unionized pay required in the West, and land for factories was plentiful and cheap.

Rates war back in the picture on Asia-Europe

Posted to Far East Maritime (by Greg Knowler) on September 4, 2012

“A general rate increase in November? Skou must have lost his mind,” was the retort of Hong Kong Shippers Council executive director Sunny Ho to news that the Maersk boss planned to hike box rates from November 1. It was an understandable reaction from the feisty Ho…