News on China.
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.
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.
China will form a national oil and pipeline company in a move that marks the first public acknowledgment of the large-scale industry overhaul the country has been preparing for years.
China now lowers its economic growth target and announces a large-scale tax cut, as the country is working to handle a debt legacy and the current trade dispute with the US.
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.
Increasing debt problems and a trade war with the US has created problems in China's economy.
China's exports and imports dropped in December in a development that shows the impact of the current trade war and an economic slowdown.
According to several news outlets, China will now ban the use of open-loop scrubbers in port areas and emission control areas in coastal regions.
Ahead of expected trade talks next month, China has made efforts to end the trade dispute with the US, yet the country is also unsure it has done enough.
Executive, Operations - BW LPG
Treasury Risk Manager with focus on financial risk management - Group Treasury, Bunker Holding
