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JUST as the US president urges American companies to ditch China, many of them can’t get more of China fast enough.
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.
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.
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.
SHANGHAI: Telecom, tech, auto companies and shipping firms are among the biggest gainers in China and Hong Kong after the trade truce between Washington and Beijing.
PETALING JAYA: The weak ringgit is a boon for global energy shipping company MISC Bhd, but unpredictable swings in tanker charter rates is clouding its earnings outlook.
PETALING JAYA: Overcapacity in the container shipping industry will not be absorbed quickly unless the global economy rebounds strongly in the next two years.