News on China.
Container line Hapag-Lloyd will start issuing fines to customers in China who fail to provide sufficient declarations for dangerous goods.
If China ends import of US-made agricultural goods, it would be a big blow to the container sector and US importers, says Lars Jensen, CEO of Sea-Intelligence Consulting, in a comment.
Donald Trump escalates the trade war with China with announcement of new tariffs on USD 300 million worth of Chinese imports. The new taxes could go well above 25 percent, says the US president.
The US and China plan to meet again in September for trade talks, as the latest round of negotiations conclude with few signs of progress in the trade dispute between the two superpowers.
The two superpowers wrapped up a new round of trade talks without clear evidence of progress made toward ending the protracted trade dispute.
Data on China's commodities output reveal no signs of a slowdown as production reached record levels in June.
Another three shipbuilders in China are in talks to merge, reports news outlet. This happens after two of the country's biggest yards have similarly announced plans to merge.
The US and China had a phone call on Tuesday to discuss a new trade agreement, says White House Economic Advisor Larry Kudlow.
The two largest shipyards in China are working on a merger, which will create one of the biggest shipyards in the world. The companies inform, however, that several details still need to be ironed out before an actual merger can take place.
Saturday, the US and China agreed to restart negotiations of a trade deal. US President Donald Trump furthermore promised not to introduce new tariffs right now.
Drewry projects that the trade war will only entail brief disruptions in the container market. In fact, a change in trade patterns might boost the shipping sector, the firm states.
A trade deal with China could push the US to the top of the list of LNG suppliers to China, projects Morgan Stanley. The bank says a deal could boost the US' share of Chinese gas imports to more than 20 percent by 2025.
US President Donald Trump again threatened to raise tariffs on China if President Xi Jinping does not meet with at the G-20 summit in Osaka, Japan, later this month.
US President Donald Trump is prepared to introduce tariffs on more Chinese goods. "I could go up another at least USD 300 billion, and I'll do that," Trump tells Bloomberg.
Supply of LNG has grown considerably, and studies indicate that this trend will continue for many years. US will control a growing supply, China will be the main buyer, shows McKinsey report.
China announces it will introduce tariffs on US goods from June 1 this year. This happens after the US increased its tariffs on Chinese goods last week.
China yet to retaliate against the US after Trump decided to raise tariffs on Chinese goods last week.
US president Donald Trump has made good on his threats and has just increased tariffs on several Chinese goods to 25 percent. China intends to retaliate. Flexport is already feeling the effects, informs the company.
China is considering delaying a trip by its top trade negotiators to Washington this week, according to people familiar with the matter, after US President Donald Trump threatened the country with steeper tariffs over the pace of trade talks.
With a significant boost from the acquisition of OOIL, Cosco almost triples the result of its container and terminal business in the first quarter of the year, in which revenue also grew significantly. Find the full earnings report here.
Growth in China's economy proved better than expected in the first three months of 2019. The economy continues to grow at an impressive rate, says analyst.
Exports from China increased by 14.2 percent in March, while economists expected a 6.5 percent increase in exports. In February, the country's exports decreased more than 20 percent.
China has several projects in the works aimed at helping the country's shipbuilding and shipping sector. "I don't think that in the shipowners community there is a full understanding of the impact of the Chinese policy yet," says Sea Europe's Secretary General in an interview with ShippingWatch.
The US exported 1.4 million tons soybeans to China in January, the highest level since the trade war began, writes shipping association Bimco in an analysis.
The WTO has once again lowered its expectations for global growth. Next week the IMF will present its projections, which the IMF head indicates will also be lower. New customs tariffs between the US and China as well as uncertainty surrounding Brexit are key factors.
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