US-China trade war

Flow of US imports continues to surge – now at twice the rate of exports

With no let-up in consumer demand, container imports into the 10 largest US ports soared by 25% last month, compared with the previous year.
And with the forward booking visibility of transpacific carriers indicating that the US import boom is set to continue to at least the Chinese New Year in February, import throughput is likely to stay high.
However, the intense focus on repositioning empty equipment back to Asia, to meet …

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US harassing Chinese crews raises questions of ‘discriminatory enforcement’

According to this report from the China Daily, recent weeks have seen increased numbers of US law officials boarding Chinese containerships investigating crew members’ links to the Chinese Communist Party. As of the beginning of November, some 21 China-flagged vessels, including some owned by container line Cosco and ship-to-shore gantry crane manufacturer ZPMC (which operates a fleet of heavylift vessels to take its cranes around the world) had been boarded as …

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Port of Los Angeles needs to refocus as lost trade war volumes ‘won’t return’

The port of Los Angeles will suffer “permanent” volume losses from the trade war with China, says its executive director, Gene Seroka.
The ex-APL shipping veteran slammed the tariffs on Chinese imports and warned that the western hemisphere’s largest container port would need to reinvent itself.
“We’ve had two bad shocks to the supply chain,” Mr Seroka said during a MarineTraffic webinar on Tuesday.
“The first, the ill-advised tariff policies of our administration …

The post Port of Los Angeles...

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Port of LA director fears permanent loss of imports

The Port of Los Angeles has been battered by its slowest May since the recession of 2009.

Year-over-year volume was down 30%, from the 828,662 twenty-foot equivalent units (TEUs) handled in May 2019 to 581,664 TEUs this year. 

“Key factors included America’s shutdown economically due to COVID-19’s pandemic. There’s less consumer purchasing, less U.S. manufacturing. We also see the continuing negative impact of the trade war between the United States and China and the policies that have been in...

https://s29755.pcdn.co/news/port-of-la-director-fears-permanent-loss-of-imports

US ending special trade status threatens Hong Kong’s transhipment traffic

The latest skirmish in the US-China trade war could “accelerate the demise” of Hong Kong as a major transhipment port.
While the ‘phase one’ trade deal was signed in January, subsequent tit-for-tat blame rhetoric has steadily raised tensions between Washington and Beijing again.
Hong Kong is now firmly caught in the middle, with the US announcing on 29 May it would begin to rescind the territory’s special trade and customs privileges, due …

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US-China Trade War Escalation Jitters in the Shipping Market!

industrial port with containers

The U.S.-China Phase One trade deal is not dead, but it is on life support and its likely to affect trade once again, writes Freight Waves, Senior Editor, Greg Miller in an article published on their website.

What’s Waiting for the Container Market?

The two superpowers’ deteriorating relations in the wake of a Chinese security law covering Hong Kong has implications for container, tanker, dry bulk and gas shipping demand, as well as shipping stocks.

President Donald...

https://mfame.guru/us-china-trade-war-escalation-jitters-in-the-shipping-market/

India facing strong headwinds as it eyes a happier new year for trade

India suffered a “broad-based” slowdown in import-export trade in 2019, according to Maersk.
Steve Felder, managing director for Maersk South Asia, says last year’s global dip in container demand, combined with domestic challenges to India’s economy, impacted the country.
“This is aligned closely with the weaker domestic demand, tight liquidity and working capital, as well as a reflection of the overall cyclical weakening of the economic environment in all the main global …

The post India facing...

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Transpac volumes set for further decline, despite US-China trade pact

The suspension by the US of the planned 15% tariffs on $160bn of Chinese imports and the halving to 7.5% of the existing duty on $112bn of other goods has come too late to rescue transpacific volumes this year and next, according to Alphaliner.
Moreover, the price paid by American industry caught in the crosshairs of the US-China trade war is substantial, according to a respected US business news commentator.
Alphaliner said …

The post Transpac volumes set for further decline, despite US-China...

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US and China reach trade agreement, but key details are still unclear

There has been some movement on the China-US trade agreement, although there are still many questions, according to CNBC. This week’s planned tariff implementations have been delayed, and a new ‘phase-one’ deal will depend on the US rolling back previous tariffs. But there is also confusion about China’s pledges on agricultural machinery. The US said China would buy $16bn-worth more in the next two years and China is markedly not …

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Growth in global container demand dries up as trade war heats up

Global container demand growth slowed to just 1% over the first nine months of the year, as the US-China trade war put the brakes on liner expansion.
According to the latest review of the container sector by Bimco’s chief shipping analyst, Peter Sand, this sluggish growth compares with a much healthier 3.8% for the same period last year.
“The slowdown in demand is showing no signs of easing, and should the latest …

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