China summons Maersk, MSC on shipping operations amid Panama saga, Iran war
9 Articles
9 Articles
China Calls in Shipping Giants Amid Panama Canal Tensions
China is calling in executives from the world’s two largest shipping firms to discuss rising shipping costs and international disruptions tied to the Iran conflict. The move also comes as both firms take over key Panama Canal ports. President Donald Trump says the United States will keep the Strait of Hormuz open for countries that rely on it, including China. China depends on the Strait of Hormuz more than any other nation for crude oil. Trum…
China Steps In as Maersk Faces Panama Canal Battle
China’s Ministry of Transportation summoned executives from major shipping companies Tuesday amid growing concerns about disruptions to global trade routes caused by the Iran war and an escalating dispute over operations at the Panama Canal. Representatives from Maersk and Mediterranean Shipping Company were called to Beijing for consultations regarding the stability of international shipping operations. Such meetings from Chinese authorities ar…
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