Research from Drewry Maritime Advisers has suggested that the ban on certain recyclable materials by China could cost shipping lines up to 4-5 million teu (twenty foot equivalent unit container) in lost business.
According to its research, the China ban on mixed paper and most plastic grades, will lead to the loss of 3% of global container trade.
However, shipping lines will not necessarily lose out, as rising exports to China of agricultural products such as beef, will help to fill the gap.
In an article on its website, Drewry said: “Unless there is a dramatic about-turn, carriers . . .
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