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Wednesday, March 3, 2021

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  • Far East Maritime (2) (X)

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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.

Aren’t you glad not to be in Asia-Europe air freight

Posted to Far East Maritime (by Greg Knowler) on April 21, 2010

But could something happen that would shut down most of the ports in continental USA? The answer is yes, but the cause will be no natural disaster. Hurricane Katrina closed New Orleans and many of the Gulf ports and those on the eastern seaboard are regularly threatened by hurricanes.