By Mike Wackett (The Loadstar) – The sharp escalation in the US/China trade war could see some short-term front-loading gains for transpacific carriers on the headhaul route, but it spells trouble longer-term, particularly on the backhaul. Hitting back at President Trump’s Twitter announcement last...
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
August 5, 2019
Global markets
Asian equity indices suffered their steepest daily drop in 10 months on Monday morning, as concerns escalated about the U.S.-China trade war. Japan’s Nikkei index lost 1.74% of its value ending at 20,720.29 the lowest level since early June. The South Korean’s KOSPI index tumbled by 2.56% at 1946.98, to the lowest level since November 2016. Following US President Trump’s announcement that he will implement new tariffs of 10% on the...
http://www.allaboutshipping.co.uk/2019/08/05/global-regional-daily-monday-5-august-2019/
Trump would implement the 10% tariff on USD 300 billion worth of Chinese goods from September 1.
China pledged to take countermeasures if the United States goes ahead with 10 percent tariff hikes on 300 billion U.S. dollars worth of Chinese goods.
“China always believes there is no winner in a trade war. We don’t want a trade war, but we are not afraid to fight one if necessary,” said the spokesperson.
China will have to take “necessary countermeasures” to defend its core national interests and its people’s fundamental interests if the United States goes ahead with tariff hikes on Chinese...
https://container-news.com/china-take-countermeasures-u-s-tariffs-hikes/
The Chinese ship refused to cooperate with Taiwan Coast Guard after the collision.
https://worldmaritimenews.com/archives/281146/taiwanese-freighter-collides-with-chinese-warship/
GLOBAL & REGIONAL DAILY (Friday, 2 August 2019)
HIGHLIGHTS
August 2, 2019
Global markets
Global equity indices traded lower on Friday, with investors moving into safe-haven assets, following US President Trump’s announcement that he will implement new tariffs of 10% on the remaining $300bn of Chinese imports, effective September 1st. In response, the Japanese yen surged, with the USD/JPY falling to a 5-week low of 106.83 in European trade. Elsewhere, the GBP/USD edged down to a 30-month low of...
http://www.allaboutshipping.co.uk/2019/08/02/global-regional-daily-friday-2-august-2019/
By Martin Petty (Reuters) – Recent incidents involving Chinese ships in Southeast Asian waters are testing regional faith in Beijing’s sincerity about maritime peace, and aiding a renewed U.S. push to build alliances with countries unnerved by China’s assertiveness. Chinese maneuvering in...
According to the Taiwanese Coast Guard, a Taiwanese cargo vessel collided with a Chinese navy ship off Kinmen on Wednesday, causing minor damage to both ships. The Taiwanese vessel was damaged, but there were no injuries reported.
Specifically, on July 31, the Coast Guard received a report according to which the Taiwanese bulk carrier “Youtai No. 1” was suspected of colliding with the Lufang warship, south of Dongnan. The Coast Guard allegedly reported that it contacted with the Chinese vessel,...
https://safety4sea.com/taiwanese-cargo-vessel-collides-with-unidentified-chinese-vessel/
The two major mergers of South Korean and Chinese shipyards are expected to control nearly half of the global shipbuilding market, forging a new reality for the global shipping industry.
The announcement of the forthcoming merger between the two most major South Korean shipbuilders, Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co., made headlines in 2019.
Earlier this month, the announcement of a planned merger between the two major Chinese shipbuilders, China...
https://safety4sea.com/shipyards-mergers-in-south-korea-china-to-control-global-shipbuilding/
China fishing vessel safety workshop looks towards treaty ratification
01/08/2019 – Fisheries-related conventions are key tools used by flag, coastal and port States to effectively monitor and control fishing vessels and minimise the risk of illegal, unreported and unregulated (IUU) fishing activities, by enhancing transparency, traceability and governance.
This was the focus of a national workshop in Shanghai, China (29-30 July), organized by the Shanghai Ocean University and the Bureau of...