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Saturday, December 7, 2019

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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.

Not much good cheer to go around this season

Posted to Far East Maritime (by Greg Knowler) on December 15, 2011

HSBC’s analysts expect export growth in China to slow from its current level of 13 percent to single digits over the next few months. This is going to pile more woes on top of an already woeful manufacturing sector. With profit margins plunging…