China-US trade war

More blanked sailings on the cards as carriers fail to lift Asia-Europe spot rates

Despite blanking 11 sailings this month, carriers have so far failed in their efforts to lift freight rates between Asia and North Europe.
And with bunker prices some 40% higher than a year ago, the tradelane is in potentially sub-economic territory.
Fortunately for ocean carriers, their transpacific trades are enjoying a post-peak season boom ahead of punitive 25% import tariffs due to be imposed by the US on a wide range of …

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Surface transport the star performer in a strong nine months for CH Robinson

CH Robinson recorded surging growth in profits and revenues for the nine months to September, with its North American surface transport (Nast) division driving performance.
Group first-half revenue surpassed the $12.4bn mark, up 14.5% year on year, generating some $477m in profits, a significant 35.5% increase on 2017.
Chief executive John Wiehoff said the company had seen cash flow benefit from improved working capital and US tax reforms, with growth in the third …

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Trump’s next tariff blow could be 10 times worse for US shoppers

Bloomberg is reporting that the next round of China-US tariffs could be the costliest yet for American consumers. According to the report, the US will announce tariffs on all remaining Chinese imports by early December, with the impact on consumers as much as 10 times worse than the tariffs thus far implemented. Expected to take effect in February, they would hit finished goods including iPhones and Nike trainers – so …

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End-of-year decisions for shippers

US-bound imports are on course for record high levels. Logistics Trends and Insights, citing Port Tracker, predicts that, between September and December, imports will grow 2.3% to 4.3% year on year. With ocean imports normally slowing after the September and October peaks, the 4% growth expected in December marks a significant upturn – especially considering the current tariff stand-off between China and the US. Port Tracker suggests this growth may be linked to the …

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China-US trade war could be the founder of a feast for intra-Asia box traffic

Booming intra-Asia trades stand to benefit the most from a lengthy US-China trade war.
But low freight rates, overcapacity and poor schedule reliability is putting pressure on shipping lines operating in what is the world’s biggest container market.
According to Philip Damas, head of Drewry Supply Chain Advisors, intra-Asia works “on different dynamics” to the major east-west trades.
“There’s still a huge amount of competition there, where there’s no shortage of capacity and rates are …

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China-US trade war brings box carriers a bonus – but 2019 looks less promising

The US-China trade war has seemed “positive” for transpacific shipping lines, so far, with importers rushing to beat tariff deadlines.
But there is growing concern that a prolonged dispute would leave shippers with question marks on whether to reorganise their supply chains.
APL chief executive Nicolas Sartini believes the industry should still achieve around 5% trade growth this year.
“So far it’s paradoxical, because the trade war has been rather positive for shipping companies,” he told...

https://theloadstar.co.uk/china-us-trade-war-brings-box-carriers-bonus-new-year-looks-less-promising/

Trump’s trade war told through the story of a leather belt

Here’s a fascinating in-depth look from Bloomberg at how one supply chain is set to be affected by the accelerating tit-for-tat tariff war between the US and China. The manufacturing of leather belts is no one-way street: leather hides are a by-product of the US’s enormous beef industry, and China buys around half of all US production; where it is processed and some of which it then makes into belts …

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