Krystal Chia

Government, Business, Logistics

Veteran CEO Says Global Shipping’s ‘Perfect Storm’ to Pass

A container terminal in Hong Kong on Feb. 20. A container terminal in Hong Kong on Feb. 20. (Paul Yeung/Bloomberg News)

The global shipping industry has run into very rough waters in 2020 as the virus crisis that has engulfed China and roiled commodity markets added to headwinds from a seasonal slowdown and poor weather. One chief executive who oversees a fleet of 55 vessels says there’ll be a comeback.

Krystal Chia | Bloomberg News
February 21, 2020
Business

Top Steelmaker Sounds Alarm as Coronavirus Spreads

A steel stock yard on the outskirts of Shanghai, China, in July 2018. A steel stock yard on the outskirts of Shanghai, China, in July 2018. (Qilai Shen/Bloomberg News)

The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.”

Krystal Chia | Bloomberg News
February 6, 2020
Business, Safety

Commodity Shipping Costs Fall 99.95% After Coronavirus Slams Market

Grain is unloaded from a bulk carrier ship docked at the Port of Nantong in china in June 2018. Grain is unloaded from a bulk carrier ship docked at the Port of Nantong in China in June 2018. (Qilai Shen/Bloomberg News)

The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight, reflecting consequences for raw materials, including iron ore, that are carried by sea.

Krystal Chia | Bloomberg News
January 31, 2020
Government, Business

China’s Steel Sector Braces as Virus Impacts Top Producer

An employee works near rolls of steel on the production line of a plant in Wuhan, China, in 2013. An employee works near rolls of steel on the production line of a plant in Wuhan, China, in 2013. (Tomohiro Ohsumi/Bloomberg News)

The world’s top steelmaker is wrestling with the effects of the deadly, rapidly spreading virus that is impacting labor, logistics and demand across China.

Krystal Chia | Bloomberg News
January 29, 2020
Government, Business

Tangshan, China’s Biggest Steel Town, Halts Buses

Chinese workers pack steel rolls in a Tangshan steel factory in 2016. Chinese workers pack steel rolls in a Tangshan steel factory in 2016. (Fred Dufour/AFP via Getty Images)

Public buses have been ordered off the roads in Tangshan, the biggest center for steelmaking in the world’s top producer.

Krystal Chia | Bloomberg News
January 28, 2020