HONG KONG: Hong Kong's freight forwarding industry is reeling from the US-China trade war with 41% of container capacity from the city to North America's west coast cancelled for the week starting May 12, the South China Morning Post reported.
Hong Kong, a global shipping hub which plays a key role in re-exporting goods, is likely to see a huge economic hit, the SCMP reported, quoting Joyce Tai, executive vice-president for worldwide partnerships at freight booking platform Freightos.
