Container capacity on all major trade lanes has been severely reduced, with the deepest cut planned for Asia – Red Sea at 14%. The world’s most active trade lane has taken a 10% haircut, while Asia – US West Coast
Container ship visits to Chinese ports, measured both in number of vessels scheduled to call and their cumulative capacity in twenty-foot-equivalent units (TEU) plunged in late January and early February – largely due to the normal seasonal downturn associated with
The signing of the Phase One trade deal between China and the US is welcomed, as the latest trade flow volumes highlight the negative impact that the trade war has had on container trade between the two countries. Figure 1:
The effect of the coronavirus outbreak on world trade is yet to become clearly visible in shipping data, but there are already signs of a slowdown. The number of missed port calls – scheduled port visits that are skipped by
Khalifa Port has seen its volumes jump on the back of concession agreements with COSCO Shipping Ports and Mediterranean Shipping Company. This growth will continue and undoubtedly grow stronger when COSCO’s and MSC’s terminals open properly for business at the
The surge in Vietnamese exports to the United States as shippers seek to escape the effects of the US-China trade war appears to include illegal rerouting of goods by some Chinese exporters. This cottage industry came to light in June
The impact of US and China tariffs has led to a shift in manufacturing from China to Southeast Asia – and as the trade war rages on, this movement is likely to become more pronounced. According to the US Census
In this period of uncertainty resulting from the forthcoming Brexit, the members of the European Union are trying to prepare their countries for the worst. Last week, French Prime Minister Edouard Philippe announced a $56 million “hard Brexit” contingency plan
On the 10th of June this year , Hutchison Port Holdings HPH introduced a new terminal operating system: nGen at their Felixstowe container operation. There followed a series of severe delays and diversions to vessels calling the port. Despite repeated
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