trade war

Port of Long Beach sees container volume hit 8 million mark, just ahead of tariff start

From Freight Waves:

The Port of Long Beach says September container volumes fell from a year ago, but fiscal year volumes hit a new record. The results come just ahead of the tariffs the U.S. imposed on $200 billion in Chinese imports.

The second largest port by container volume, Long Beach saw loaded inbound containers fall 2.5% from a year ago to 357,301 twenty foot equivalent units (teu) last month. With empty containers seeing a small increase, overall September activity was flat at 701,205...

http://www.longshoreshippingnews.com/2018/10/port-of-long-beach-sees-container-volume-hit-8-million-mark-just-ahead-of-tariff-start/

Trade war to make an impact on Hong Kong

The ultimate impact may depend upon whether US importers are willing to pass on the costs of tariffs to consumers, says Peter Levesque of Modern Terminals

Escalating trade tensions between the United States and China are likely to catch Hong Kong and its struggling shipping industry right in the middle, according to one of the city’s main port operators.

The US has placed tariffs on nearly half of all Chinese goods exported to the US and President Donald Trump has threatened to impose levies on...

http://container-news.com/trade-war-make-impact-hong-kong/

Global shipping under threaten, UN warns

Maritime trade is stronger than it’s been for five years, but “tit-for-tat” tariff battles and restructuring by shipping companies threaten to disrupt its role as a key player in global commerce, the UN said on Wednesday, 10/3/2018.

 The warning from UNCTAD, the UN Conference on Trade and Development, follows a “healthy” four per cent increase in global seaborne commerce in 2017.“While the prospects for seaborne trade are positive, these are threatened by the outbreak of trade wars and increased...

http://container-news.com/global-shipping-under-threaten-un-warns/

U.S. NRF: Not easy to shift supply chains out of China

Companies caught in the crossfire of China-U.S. trade frictions are facing the harsh reality to rethink their supply chains, but it is not easy to adjust and shift the supply chains away from China, the U.S. National Retail Federation has said.

“Tariffs are taxes that raise costs for businesses and consumers,” Bethany Aronhalt, spokeswoman for the National Retail Federation, the world’s largest retail trade association, told Xinhua in an interview.

“For retailers, tariffs are very disruptive to...

http://container-news.com/u-s-nrf-shift-supply-chains-china/

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