What We're Reading: Trendwatch Week 22

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


Trump wields more powerful weapon than tariffs in trade war 

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  


China-US trade war could trigger 15% volume decline on transpacific 

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 


Khalifa Port hosts two 20,000+ TEU giants 

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 


US imports from Vietnam soar as Chinese factories move 

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