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8 August 2026

MSC boxship sinks deeper off Zhoushan after failed refloating

Downunder Voices Newsroom

Source reporting: Splash247

MSC boxship sinks deeper off Zhoushan after failed refloating

The 8,401 teu MSC Silvana VIII has sunk deeper into the water off Zhoushan after attempts to refloat the grounded containership failed, with local media showing much of the vessel now submerged. The 20-year-old, 332 m long ship entered the Zhoushan ship repair area on June 22 after arriving from Gwangyang, South Korea. It then …

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8 August 2026

Why is transit in goods free but trade is not?

In my previous two posts on the value of the WTO, I argued that when governments set trade policies independently, they focus on domestic effects but often overlook the costs imposed on trading partners. International trade agreements help governments take account of these cross-border spillovers (terms-of-trade externalities) by encouraging reciprocal negotiations over trade policy. While these negotiations will reduce trade protection, they will not necessarily lead to free trade. But if governments do not generally commit themselves to free trade, why has freedom of transit for goods been seen differently?

Source: World Trade OrganizationOriginal source

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