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Taiwan shipping giant Evergreen stops using Myanmar junta linked port by AFP Staff Writers Yangon (AFP) Feb 10, 2022 Taiwan shipping giant Evergreen Marine said on Thursday it would no longer send its ships to dock at a military-owned port terminal in Myanmar, as a growing number of companies cut ties with junta-linked businesses. The Southeast Asian country has been in turmoil since the coup in February 2021, with more than 1,500 dead in a military crackdown on dissent according to a local monitoring group. With the economy tanking and pressure mounting from rights groups, companies from France's TotalEnergies to British American Tobacco and Norway's Telenor have upped sticks or are trying to leave. Evergreen's ships had "occasionally" docked at the military-owned Hteedan Port Terminal in Yangon, the firm said Thursday, adding the arrangements had been made by a local partner contracted to service its vessels. It had since asked its partner to cancel that arrangement and had "received a confirmation... that with effect immediately Evergreen will no longer use Hteedan Port Terminal". The statement did not say when or why Evergreen had made the request or if it would still send vessels to other ports on the country. The military has vested interests in large swathes of Myanmar's economy, from mining to banking, oil and tourism. Junta-linked companies run three ports in commercial hub Yangon according to Burma Campaign UK. In 2020 global shipping giant Maersk announce it would stop using military-owned ports after a campaign against companies doing business with the military. That campaign was sparked by a brutal crackdown on the country's Rohingya Muslim minority in 2017 that particularly shocked the world and led to genocide charges at the UN's top court. bur-rma/je
Why has a Chinese city's lockdown sent aluminium prices surging? Beijing (AFP) Feb 9, 2022 The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminium rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal? - Where is Baise? - Located near the border with Vietnam, Baise is nicknamed the "aluminium capital of southern China". Home to around 3.5 million people, Baise is a hub for aluminium mining and production. It produces about 2.2 million tonnes of the commodity per year - more th ... read more
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