USA

Bangladesh seeks benefits from trade war

DCCI seminar calls for preparations without delay

Experts and businesses on Saturday (Nov. 17) said that Bangladesh would be immensely benefited in the area of export, import and investment from the ongoing trade war between the US and China if the country (Bangladesh) could prepare itself without any delay to utilise the potential.

Due to the trade war, many buyers of readymade garments were turning back to Bangladesh from China and it also created a scope for relocation of factories from China...

http://container-news.com/bangladesh-benefits-trade-war/

Daily Overview of Global Markets & the SEE Region (Monday, November 19, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Following President Donald Trump’s upbeat comments on Friday that he may not impose additional tariffs on Chinese imported goods as China offered a list of potential measures in order to resolve trade tensions, the majority of global equity indices started the week on a positive tone on Monday. In the government bond markets, US Treasuries firmed with the 10yr respective yield falling a three-week low of 3.06% in European trade on...

http://www.allaboutshipping.co.uk/2018/11/19/daily-overview-of-global-markets-the-see-region-monday-november-19-2018/

Renminbi’s global reserve share rising, US midterms podcast

Commentary: Renminbi’s global reserve share rising

By Gary Smith in London

Asset class diversification continues to be a key theme for central bank foreign exchange reserves managers. Despite a weaker renminbi/dollar rate this year, the Chinese currency has increased its share in global reserves, according to IMF data. The latest report shows a jump in renminbi holdings of around $50bn in the second quarter of 2018. Less than a decade after the launch of the renminbi internationalisation...

http://www.allaboutshipping.co.uk/2018/11/16/renminbis-global-reserve-share-rising-us-midterms-podcast/

Memorandum of Understanding (MoU) between ThPA S.A. and Rutgers University in the USA

l to r: the Consul General of the USA in Thessaloniki, Mr. Gregory W. Pfleger, the BoD Chairman & CEO of ThPA S.A., Mr. Sotirios Theofanis and the Director of the Center for Advanced Infrastructure and Transportation of Rutgers University, Dr. Ali Maher

ThPA S.A. signed a MoU with Rutgers University, one of the oldest US higher education institutions.

The agreement was officially announced on Saturday 15th of September 2018, by the BoD Chairman and CEO of ThPA S.A., Sotirios Theofanis, and the...

http://www.allaboutshipping.co.uk/2018/11/14/memorandum-of-understanding-mou-between-thpa-s-a-and-rutgers-university-in-the-usa/

Ocean Shipping Industry prioritizes technology investment for year ahead

New Survey Finds Shipping Industry Concerned About Impact of Trade Protectionism and Cyber Threats, But Mostly Optimistic About Growth

Industry Respondents Say Technology Spending Will Increase as Companies Seek to Improve Process Efficiency, Customer Experience, and Supply Chain Collaboration

SAN JOSE, Calif.—November 13, 2018—The global maritime industry is cautiously optimistic about the global business environment for world trade, but also concerned about the potential impact of trade...

http://www.allaboutshipping.co.uk/2018/11/13/ocean-shipping-industry-prioritizes-technology-investment-for-year-ahead/

Worries about deepening trade war

  • China has been front-loading exports to the US ahead of a looming rise in tariffs in January.
  • Chinese stocks tumbled Friday on trade-war fears and worries about a slowing Chinese economy.
  • Experts are pessimistic about the outcome of a meeting between the two countries’ presidents at the G20 summit later this month.

Chinese exports to the US have risen this year as the country looks to get as many goods as possible off its shores before steeper tariffs arrive in January.

“This growth is due to...

http://container-news.com/worries-deepening-trade-war/

Rising external deficit ‘made in USA’, In Conversation with Scott Morris

Commentary: Rising external deficit ‘made in USA’

By Mark Sobel in Washington

As US external deficits widen in response to relatively strong US economic performance and imbalanced macroeconomic policies, there is a considerable risk the Trump administration could amplify its protectionist rhetoric and actions. Yet rising US trade and current account deficits are largely ‘made in America’. The increasing divergence between the US and other major global economies, aggravated by the imbalanced US...

http://www.allaboutshipping.co.uk/2018/11/12/rising-external-deficit-made-in-usa-in-conversation-with-scott-morris/

US midterms fulfil market expectations, Discussion with Mark Sobel on US economy policy

Commentary: US midterms fulfil market expectations

By Elliot Hentov in London

The results of the 6 November US midterm elections illustrate how President Donald Trump remains bound to historical norms around US voter preferences for shared power. That is the central insight from this result: the loss of total Republican control of Congress should somewhat constrain Trump’s potential for erratic behaviour. The initial market reaction has been positive, as the outcome fulfilled expectations. While...

http://www.allaboutshipping.co.uk/2018/11/09/us-midterms-fulfil-market-expectations-discussion-with-mark-sobel-on-us-economy-policy/

Quad countries will focus on maritime security

On the 13th East Asia Summit at Singapore in mid-November, the Quad countries, namely India, US, Japan and Australia, are expected to revitalise the conversation concerning the maritime security and disaster relief initiatives as well as development projects in the Indo-Pacific region.

Regional coalition known as the ‘Quad’, the quadrilateral formation includes Japan, India, United States and Australia. All four nations have common grounds regarding free maritime trade and security. The idea was...

https://safety4sea.com/quad-countries-will-focus-on-maritime-security/

Hapag-Lloyd, Genset Provision Program

With effect from January 1, 2019 Hapag-Lloyd will implement a revised Genset Provision Program in the USA, applicable for Export shipments only.

As per company’s new Genset program, German shipping giant will provide a Genset for merchant haulage (MH) shipments which start or end at a port facility in the USA, subject to a tariff surcharge of $200 per container.

In case you do not require a Genset, you can inform your Hapag-Lloyd office at time of booking, as otherwise a Genset will automatically...

http://container-news.com/hapag-lloyd-genset-provision-program/

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