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KUALA LUMPUR: The shipping industry’s outlook for 2019 and beyond remains uncertain after experiencing a relatively buoyant climate last year, thanks to the improvement in the dry bulk market driven by better freight rates across all shipping segments.
SINGAPORE: The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, according to IHS Markit.
China, beset by the outbreak, was where disruptions began, but as the pandemic spread globally, so did plant closings and lockdowns. Apple, Intel and Qualcomm all point to vulnerabilities beyond China.
JUST as the US president urges American companies to ditch China, many of them can’t get more of China fast enough.