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 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.
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 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.
One in three containers floating though the Port of Hamburg is on its way to or from China. And yet, port executive Axel Mattern is not worried about the turmoil surrounding the Chinese economy. There is still a momentum, says Mattern in an interview with ShippingWatch.
The much-anticipated meeting between US President Donald Trump and China's President Xi Jinping to sign an agreement to end their trade dispute will likely be pushed back to April at the earliest, sources say.
Official statements from the Chinese government reveal that it has ambitions to unseat Maersk as the world's largest container carrier. This is evident from a warning about China's influence by the Secretary General of Sea Europe, which organizes one of the cornerstones of the European maritime sector.
An increasing number of industry companies are experiencing declining sales in China, writes Wall Street Journal. "We had planned on an economic downturn in China, but it is actually worse than expected," says the former Caterpillar CEO.