TARIFFS

Port of LA moved near-record cargo in 2019, amid trade war tension

The Port Executive Director Gene Seroka recently announced that the Port of Los Angeles moved near-record cargo in 2019 with a total of 9,337,632 Twenty-Foot Equivalent Units (TEUs), just short of the second-best year in its 113-year history, despite lingering tensions from the U.S.-China trade war.

It is said that the near-record volumes come despite a more than year-over-year 17% decline in total TEUs in December 2019, a 12% drop off in November, and 18% drop off in October.

In fact, Seroka...

https://safety4sea.com/port-of-la-moved-near-record-cargo-in-2019-amid-trade-war-tension/

The 10 Top News Stories of 2019

10. M&A ACTIVITY STEADY IN 2019

Over the years Vigor Industrial has grown with mergers and acquisitions of maritime facilities in the Northwest and Alaska and a customer list that includes private as well as major government clients such as the U.S. military and Washington State Ferries (WSF).

Vigor’s track record apparently made it attractive to global investor The Carlyle Group and private equity firm Stellex Capital Management which in September closed the purchase of the Portland, Ore.-based...

https://www.workboat.com/news/workboat-show-news/the-10-top-news-stories-of-2019/

Tariffs take toll on Port of LA October volumes

The Port of Los Angeles moved 770,189 TEUs in October, a 19.1% decrease compared to 2018’s record-breaking October. After 10 months of 2019, total volumes have increased 1.8% compared to last year, which was the busiest year ever at America’s top port.

”With 25% fewer ship calls, 12 consecutive months of declining exports and now decreasing imports, we’re beginning to feel the far-reaching effects of the U.S.-China trade war on American exporters and manufacturers,” said Port of Los Angeles...

https://container-news.com/tariffs-take-toll-port-la-october-volumes/

Tariffs impact port of LA’s jobs and economy

Port of Los Angeles issued the “By the Numbers: Jeopardizing the National Benefits of Trade through America’s Busiest Port Complex” report, highlighting that tariffs have a negative impact on jobs, income and tax revenue.

Accordingly, the so-long trade war between USA and China threatens about 1.5 million U.S jobs and more than $186 billion of economic activity throughout the whole nation

BST Associates collaborated with the Port of Los Angeles in order to analyze the degree to which waterborne...

https://safety4sea.com/tariffs-impact-port-of-las-jobs-and-economy/

US retail imports to see final tariff-driven surge

Imports at the U.S.’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.

President Trump announced tentative agreement on a partial trade deal with China last month, but officials are still working on the details and have not announced a date or location for the measure to be signed. An October...

https://container-news.com/us-retail-imports-final-tariff-driven-surge/

GLOBAL & REGIONAL DAILY (Wednesday 13, November 2019)

GLOBAL & REGIONAL DAILY (Wednesday 13, November 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

November 13, 2019

Global Markets

Investors adopt a cautious stance in early trade today ahead of US President Donald Trump’s decision on whether he will impose higher tariffs on cars and auto parts imported into the US.

Greece

According to the commercial transactions data (source: ELSTAT), the growth rate of exports of goods (in current prices) decelerated to 2.4 YoY% in Jan-Sep 2019 from 16.9 YoY% in the...

http://www.allaboutshipping.co.uk/2019/11/13/global-regional-daily-wednesday-13-november-2019/

GLOBAL & REGIONAL DAILY (Tuesday 12, November 2019)

GLOBAL & REGIONAL DAILY (Tuesday 12, November 2019)

 GLOBAL & REGIONAL DAILY

HIGHLIGHTS

November 8, 2019

Global Markets

Bund yields moved higher earlier today amid market expectations that US President Donald Trump will likely postpone again a decision on whether to impose tariffs on EU auto imports.

In FX markets, the GBP firmed on news that the Brexit Party  will not field candidates in the 317 constituencies won by the Tories at the 2017 general election.

Greece

The seasonally adjusted industrial...

http://www.allaboutshipping.co.uk/2019/11/12/global-regional-daily-tuesday-12-november-2019/

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