Japan trade recovers as supply chain troubles ease

Who names these ships? Ever Clear is a slang name for a home made alcoholic beverage.

Imports from the Middle East, mainly of crude oil, more than doubled thanks to the rise in oil prices from pandemic lows in 2020. 

does this mean the cost of imports from the ME more than doubled? rather than imports doubled? sometimes articles are difficult to follow, a lot of sloppy writing..

Exports to China, Japan's biggest overseas market, climbed 16% to 1.6 trillion yen ($14 billion). Japan's imports from China rose 17% to nearly 2 trillion yen ($17 billion).

Troubling news. Increasing the trade reliance on Communist China - when democracies should be doing the exact opposite - is a terrible move.

does this mean the cost of imports from the ME more than doubled?

Yeah, these figures are normally in terms of value, not volume. The writer should have mentioned that. Rising oil prices weigh on Japan's trade balance, given that 100% of it is imported.

ah my bad, that’s another ever-

Yeah, that was the Ever Given owned by Evergreen

Funny but not the same. The Suez ship was the “Ever Given” even though “Evergreen” (All Caps) was printed on the sides.

@SimianLane 7:07am: “I see that doomed boat from the suez made it here.”

Perhaps it’s a warning to pirates *@DesertTortoise ***? **Even if ‘adrift’, most should try to stay out of its way. They can’t turn easily.

@DesertTortoise 7:02am: “Who names these ships? Ever Clear is a slang name for a home made alcoholic beverage.” -

Yeah, that was the Ever Given owned by Evergreen

Actually no. The ship is leased by it's owners to Evergreen. It's registered owner according to shipping data bases is San Lorenzo Shipping SA and she is registered in Panama. Evergreen doesn't actually own ships. It arranges to move cargo from point A to point B and leases ships to make this happen. The ship owners hire yet another company to manage their ship and its crew, pay them, provide benefits and arrange the necessary crew changes.

MV Ever Given is owned by another company, Shoei Kisen Kaisha ( division of the shipyard who built her) who in turn hires Bernhard Schulte Shipmanagement to conduct the technical management of the ship and her crew.

I'm waiting for them to name one the MV Ever Larger, lol.

Perhaps it’s a warning to pirates *@DesertTortoise *? Even if ‘adrift’, most should try to stay out of its way. They can’t turn easily

The ship in the photo, MV Ever Clear, is small, only 22,000 tons vs over 200,000 tons for MV Ever Given. Ever Clear would be downright sporty in comparison to her porky cousin.

Japan's exports would be even higher if the Japanese Postal Service hadn't quit allowing overseas package service. A lot of Japanese students and others will no longer receive packages from home as they are now too expensive to send.

Japan's exports would be even higher if the Japanese Postal Service hadn't quit allowing overseas package service.

It's not completely cut off. I get stuff from Japan to the US using JP EMS. I'll tell you it takes over four months to get a package to the US from China or EU where it's one week max from Japan and usually less. Better tracking information too. I ordered a small package from UK back in early September and have no idea where it is and have no tracking info either. With JP I get tracking info from Japan to my door in the US.

Japan's exports to the U.S. rose 10% from a year earlier to 1.3 trillion yen ($11 billion), while imports from the U.S. soared 43% to 855 billion yen ($7.5 billion).

Exports to China, Japan's biggest overseas market, climbed 16% to 1.6 trillion yen ($14 billion). Japan's imports from China rose 17% to nearly 2 trillion yen ($17 billion).

Really awesome!

This is really promising as hell.

Question: after the scandal around the government's GDP figures this week, how can we trust these figures?

The construction data from few small construction firms got overcounted. Those firms aren't big enough to affect the final GDP figures in any way.

@Sindhoor GK

Very good!