Pakistan ports face export backlog as India’s transit ban forces shipping lines to reroute
KARACHI, May 10 (Arab News): Pakistan is facing a "big backlog" of export containers at its ports after international shipping lines began bypassing the country, following India's decision to block vessels carrying Pakistani cargo, officials and shipping documents confirmed to Arab News on Friday.The disruption has led several global shipping...
Read more
China’s April soybean imports hit decade-low as customs delays disrupt trade
BEIJING/SINGAPORE, May 10 (Reuters): China's soybean imports plunged to a 10-year low in April as prolonged customs clearance delays and late Brazilian shipments caused by harvest slowdowns and logistics issues disrupted the usual flow of cargoes, traders and analysts say.Total imports for the month reached 6.08 million metric tons, down...
Read more
Wellness companies eager to avoid WeightWatchers' fate embrace weight-loss drugs
NEW YORK, May 10 (Reuters): Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines.But some of WeightWatchers' closest rivals, newer telehealth companies, face...
Read more
China buys Canadian, Australian wheat as heat hits crop
HAMBURG/CANBERRA/PARIS, May 10 (Reuters): Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China's agricultural heartlands.China is the world's top wheat grower and also imports large amounts of grain when domestic supply...
Read more
Container shipping firms cull Asia-US service as Trump tariffs collapse trade
LOS ANGELES, May 10 (Reuters): Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said.The ships on those routes have the combined capacity to deliver...
Read more
