On Tuesday China put into operation the clampdown on business credit which it had announced previously. This has produced a fall in the Baltic Exchange main seafreight index, as China’s demand for raw materials was one of the main factors sustaining freight rates. However, there is still a shortage of capacity because shipping lines took ships out of service in response to the economic downturn which may help sustain rates.
Testimonials
air freight Australia Brexit Canada cargo China container containers Covid-19 Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey USA wine
China restricting credit for business
