Government, Business, Logistics

WTO: Slump in Global Goods Trade to Deepen With Coronavirus

A Maersk container ship sails in Yangshan Deep Water Port in Shanghai, China, in July 2018. A Maersk container ship sails in Yangshan Deep Water Port in Shanghai, China, in July 2018. (Qilai Shen/Bloomberg News)

Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.

Brendan Murray | Bloomberg News
February 18, 2020
Government, Business, Logistics

Thousands of Frozen Meat Containers Pile Up at Chinese Ports

A container ship sits anchored at the Yantian International Container Terminals in Shenzhen, China. A container ship sits anchored at the Yantian International Container Terminals in Shenzhen, China. (Qilai Shen/Bloomberg News)

Thousands of containers of frozen pork, chicken and beef are piling up at some major Chinese ports as transport disruptions and labor shortages slow operations, people familiar with the matter said.

February 18, 2020
Business, Logistics

GM Works to Shield US Truck Plants From Virus Disruption

The General Motors Co. Flint Assembly plant in Michigan in September 2019. The General Motors Co. Flint Assembly plant in Michigan in September 2019. (Anthony Lanzilote/Bloomberg News)

General Motors Co. is working to maintain the flow of parts to some of its most profitable U.S. plants to keep them from becoming the next factories to be idled due to the coronavirus spreading in China.

David Welch | Bloomberg News
February 14, 2020
Business, Fuel

Oil Rallies for Fourth Day as Virus Fears Show Signs of Easing

Pump jacks in Midland, Texas, in December 2018. Pump jacks in Midland, Texas, in December 2018. (Angus Mordant/Bloomberg News)

Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.

February 14, 2020
Business, Logistics

Coronavirus Is Wreaking Havoc on Global Mail Delivery

A monitor displays a thermographic image to detect abnormal temperatures in attendees at the Singapore Airshow on Feb. 11. A monitor displays a thermographic image to detect abnormal temperatures in attendees at the Singapore Airshow on Feb. 11. (SeongJoon Cho/Bloomberg News)

In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.

February 13, 2020
Government, Business, Fuel

Oil Holds Near $50 as OPEC+ Hesitates Despite Surplus

An oil pumping jack near Samara, Russia, in May 2019. An oil pumping jack near Samara, Russia, in May 2019. (Andrey Rudakov/Bloomberg News)

Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up.

February 10, 2020
Business, Safety

Toyota, Honda Extend China Shutdowns as Virus Gathers Pace

Employees work on a Honda auto plant assembly line in Wuhan in November 2019. Employees work on a Honda auto plant assembly line in Wuhan in November 2019. (STR/AFP via Getty Images)

Toyota Motor Corp. and Honda Motor Co. were among carmakers extending shutdowns at their China plants as the country steps up measures to fight the deadly coronavirus.

Chester Dawson | Bloomberg News
February 7, 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, Fuel

Coronavirus Has Oil Traders Seeking Ships to Hoard Unsold Crude

An Iranian oil tanker sits anchored off the Strait of Gibraltar in July 2019. An Iranian oil tanker sits anchored off the Strait of Gibraltar in July 2019. (Marcelo del Pozo/Bloomberg News)

Oil traders and sellers are making more inquiries for supertankers to hoard crude at sea in the latest indication of the crushing impact the coronavirus is having on demand in the world’s biggest importer.

Serene Cheong | Bloomberg News
February 5, 2020
Government, Business, Safety

Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage

Workers assemble cars on the production line of a Hyundai plant in Beijing, China, in March 2013. Workers assemble cars on the production line of a Hyundai plant in Beijing, China, in March 2013. (Tomohiro Ohsumi/Bloomberg News)

Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.

Kyunghee Park | Bloomberg News
February 4, 2020

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