Trade War: China's domestic market will absorb unsaleable export
May 27, 2019 - Guo Shuqing, the People’s Bank of China’s party secretary and head of the China Banking and Insurance Regulatory Commission, said last week that the impact of the trade war with the U.S. on the Chinese economy will be very limited.
Source: Maritime Executive
May 24, 2019 - President Donald Trump’s trade war against China has so far focused on attacking imports. His new front: Weaponizing American exports.
Source: American Journal of Transportation
May 28, 2019 – As carriers and cargo owners on the transpacific trade continue to weigh the effects of the recent decision by Donald Trump to increase tariffs on a range of Chinese exports, new analysis from Drewry suggests volumes between China and the US a could fall precipitously.
Source: The Loadstar
May 27, 2019 - Khalifa Port has welcomed two 20,000-plus TEU mega-vessels at CSP Abu Dhabi Terminal, cementing its position as a global maritime hub.
Source: World Maritime News
US oil prices jump as flooding hits Cushing hub
May 29, 2019 – US crude futures gained more than 1% on Tuesday after flooding throughout the Midwest constrained crude flow from the main US storage hub in Cushing, Oklahoma.
Source: The Business Times
Québec, CN and Hutchison Ports agree on new container terminal
May 28, 2019 – The Québec Port Authority (QPA) has signed a long-term commercial agreement with Hutchison Ports and CN (Canadian National Railway) to build and operate the new container terminal.
Source: The Maritime Executive
May 28, 2019 - U.S. imports from Vietnam grew sharply in the first quarter of 2019 as businesses shifted their supply chains amid continued trade tensions between Beijing and Washington.
Source: Newsweek
Malaysia ships 3,000 tonnes of waste back to countries of origin
May 28, 2019 - Malaysia's environment ministry plans to ship about 3,000 tonnes of unusable, contaminated recyclables back to the countries of origin, marking the nation's latest move in a long-running fight against unwanted plastic waste imports.
Source: The Maritime Executive
