Shanghai Port Hit with Protests – On Wednesday, truckers in Shanghai began protesting rising port fees and fuel prices. These demonstrations have caused delays for one of the world’s most important trading hubs. Chinese authorities have cracked down on the...
China’s Trade Deficit – China experienced its first quarterly trade deficit in seven years during Q1 of this year. That being said, the country is still expected to have a trade surplus in the neighborhood of $250 billion by year’s end. A weak February and rising...
Chinese New Year Alters Trade Stats – This year’s Chinese (Lunar) New Year landed on February 3rd; however, this date can range from late January to early February. A rush of shipments normally precedes the holiday as manufacturers ramp up production to ship their...
EU Mulls Options for Maritime Cap-and-Trade – The European Union (EU) plans to implement an emissions-trading program if an international agreement to curb the industry’s pollution is not made. European experts expect that international maritime emissions will double...
U.S. Plans New Duties on Chinese Flooring – The U.S. Commerce Department released plans to implement duty rates as high as 27% on certain types of wood flooring manufactured in China. The action is aimed at what the U.S. considers unfair subsidies from...
Japan Earthquake/Tsunami Supply Chain Update Major Ports Open – Although Japan’s major seaports remained mainly undamaged by the direct effects of the disaster, at least one major carrier, Maersk, has announced plans to avoid shipping lanes near damaged nuclear...
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