Category: Supply Chains

China's ambassador to the United Nations, Zhang Jun, accused the United States and Britain of inflicting unnecessary casualties and infrastructure damage in their recent strikes against Houthi targets in Yemen. Zhang spoke out at an emergency United Nations Security Council meeting ...

A $20 billion rail project that would connect Honduras' Pacific and Caribbean coasts is drawing interest from the United States. Scott Hansen, an economic counselor at the U.S. embassy in Tegucigalpa, reportedly presented the project to possible investors last week. The project ...

China's state-owned shipping giant COSCO will halt all operations in-and-out of Israel in response to the worsening security situation in the Red Seas, according to Israeli news site Globes. Sunday's announcement by the company is a major setback for the ...

The cost of shipping a standard 40-foot container from Asia to northern Europe now costs around $4,000, a whopping 173% increase from just a few weeks ago. Average freight costs from the rest of Europe to/from China have gone up almost ...

There was some dismay/confusion in the U.S. and Europe when China opted not to join the multinational coalition to combat Houthi attacks in the Red Sea. A lot of Western analysts supposed, incorrectly, that it would be in China's economic ...

The Australian government has reportedly indicated that it won’t send ships to join the U.S.-led Operation Prosperity Guardian in the Red Sea. The operation is aimed at containing attacks from Yemeni Houthi militias on commercial shipping and to keep sea lanes open. Defence ...

Australia’s decision not to contribute a warship to the U.S.-led patrolling of Red Sea shipping lanes is playing into U.S. political divisions in the run-up to next year’s election. Reaction from the Biden Administration has so far been muted. The Australian ...

Chinese exporters’ profit margins are suffering as container shipping companies reroute their ships away from the Red Sea. The move to escape strikes by Houthi militias against ships headed for Israel will add to shipping time and costs, driving up shipping quotes for next year.

The United States announced it will coordinate joint patrols with allies to guard commercial ships in the Red Sea as the region comes under repeated attacks from Yemeni Houthi militias. China did not join the coalition, named Operation Prosperity Guardian. It includes the EU, NATO, Japan, and ...

Attacks by Houthi rebel groups on commercial ships in the Red Sea are forcing the world’s largest shipping companies to reroute their shipments. About 10% of the world’s trade passes through the Red Sea, but the route accounts for 40% of ...

The year-long slump in nickel prices is endangering the economic viability of some of the many Chinese mining companies in Indonesia that dominate the sector. Chinese-owned mines account for 60-70% of all investment in Indonesia's nickel mining business, which is significant ...

The South Korean government introduced new measures this week to reduce its dependence on China for 185 different critical resources, many of which are used to manufacture EV batteries. The Ministry of Industry, Trade and Energy announced on Wednesday new measures that ...