trade


Suez Canal wrangle near deal as container spot rates soar

Suez Canal wrangle near deal as container spot rates soar

(ATF) The Suez Canal Authority (SCA) wrangle with a Japanese shipowner over last month's blockage would soon yield a settlement, the waterway manager said on Monday, as container prices continued to rise despite the clearance.The giant container ship Ever Given is still being detained by the Egyptian canal authority, five …

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China no longer the US’ top trading partner

China no longer the US’ top trading partner

(ATF) China has lost its spot as the US’ biggest international trading partner to Mexico, which toppled the world’s second-largest economy from a position it had held since May. Luce Maria de la Mora, Mexico’s Deputy Minister of Foreign Trade at the Ministry of Economic Affairs, said two-way trade between …

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China's coal strategy hits importers and consumers, data show

China coal strategy hits importers and consumers, data show

(ATF) China will remain heavily dependent on coal despite its environmental goals, while consumer prices will stay high due to its unofficial ban on imports from Australia, reports indicate.The country’s official production outlook envisages growth for the next five years, despite China’s commitment to have the nation’s carbon emission peaking …

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US restricts trade with Chinese supercomputer centres

US restricts trade with Chinese supercomputer centres

(ATF) Washington has put China’s top supercomputing centres on a trade blacklist, saying they could have military applications that pose dangers to US national security.The seven Chinese entities’ addition to the list means they require special permission for exports and imports from the US."Supercomputing capabilities are vital for the development …

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Boeing urges US to separate China business and human rights

Boeing urges US to separate China business and human rights

(ATF) Boeing Co on Wednesday urged Joe Biden's administration to keep human rights and other disputes separate from trade relations with Beijing, and warned that European rival Airbus would gain if the US aircraft manufacturer was locked out of China.Boeing and Airbus each sell about a quarter of their jetliners …

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Suez crisis in balance even after stuck ship is moved off canal bank

Suez crisis in balance even after stuck ship is moved off canal b

(ATF) The struggle to free a stricken mega-ship that has been blocking the Suez Canal for the best part of a week continued even after engineers said they’d partly refloated the giant container carrier.The major waterway was reportedly reopened Monday when the Ever Given was partially released from the canal’s …

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Suez reopens as stuck mega-ship is partially moved

Suez reopens as stuck mega-ship is partially moved

(ATF) The Suez Canal is open again after engineers managed to partially refloat the mega-ship that has been blocking it for the best part of a week.But analysts doubt the critical shortcut between Asia and Europe will ever fully recover its importance as a combination of changes to global supply …

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Grounded Suez Canal ship puts automotive industry at risk

Grounded Suez Canal ship puts automotive industry at risk

(ATF) The backlog of vessels and their cargoes immobilised by the grounding of the massive container ship Ever Given in the Suez Canal continues to grow, posing a deeper threat to global supply chains.According to data from consultancy Refinitiv, there are 206 ships waiting on either side of the canal …

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Canada puts up barriers to Chinese mineral company acquisitions

Canada puts up barriers to Chinese mineral company acquisitions

(ATF) Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, in a further blow to Chinese companies as relations between the two countries continue to sink.A government spokesperson said on Thursday that the move was made ahead of an expected surge in demand for …

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China advises France to export better quality wheat

China advises France to export better quality wheat

(ATF) France could export more wheat to China if its quality was higher and it strengthened health checks, a leading Chinese food company said on Wednesday.Sun Wei, deputy general manager wheat at China Foods Limited – formerly known as COFCO International – told Reuters that French wheat exports to China …

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