By Brendan Murray (Bloomberg) -- Just as the U.S. president urges American companies to ditch China, many of them can’t get more of China fast enough. Consider the voyage of the container ship Melina, which set sail Wednesday from a Chinese port near Shenzhen with products bound for U.S. households, a hulking symbol of how the flow of goods is adapting in a global economy … [Read more...]
Hapag-Lloyd to Halt Waste Shipments to China
FRANKFURT/BEIJING, June 26 (Reuters) - German container shipping line Hapag-Lloyd said it had notified customers it will stop accepting cargoes of solid waste, including scrap metal, bound for China that arrive from Sept. 1 onwards to comply with new legislation. China in April passed a law, taking effect in September, that holds carriers and importers responsible for the … [Read more...]
China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
By Isis Almeida, Michael Hirtzer, Tatiana Freitas and Mike Dorning (Bloomberg) --The U.S.-China trade deal has just suffered a new setback. China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus. That’s a step many American exporters have so far … [Read more...]
White House Trade Advisor Walks Back Comments on China Trade Deal Being ‘Over’
WASHINGTON, June 22 (Reuters) - White House trade adviser Peter Navarro on Monday walked back on his earlier remarks that the U.S.-China trade pact was "over," stoking volatility in markets already frazzled by the coronavirus pandemic. Navarro said his comments were taken "wildly out of context," while U.S. President Donald Trump confirmed in a tweet the deal with China was … [Read more...]
China to be Self-Reliant in IMO-Compliant Fuel -Official
SINGAPORE/BEIJING, June 22 (Reuters) - Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which would make the country self-sufficient in the new shipping fuel, an official with state major PetroChina said on Monday. China has been striving to reduce its reliance on bunker fuel imports and is aiming to create its own … [Read more...]