The slight shifts in the percentage of containerized imports from China to the United States align with three major trends acknowledged by both the business and geopolitical communities: China Plus One, incremental gains in friendshoring by volume, and an increased reliance on Vietnam and India. To mitigate their dependence on China, US retailers and other […]
Read MoreThe spot rates for shipping goods from Asia to the US have risen sharply this week, as carriers applied the planned GRIs on Jan. 15 and added a PSS for both the West and East coast deliveries. Moreover, importers who send their cargo to the East Coast through the Panama or Suez canals, or […]
Read MoreDonald Trump’s first term as president was a seismic shift in U.S. trade policy. He launched a tariff war with China, pulled out of major trade agreements, and earned the nickname “Tariff Man.” Now, if he wins re-election, expect the ground to tremble again. Trump’s campaign documents and interviews hint at a second term filled […]
Read MoreAfter months of fluctuating trade activity, China’s exports are finally on the rise. This positive trend, coupled with growing external demand, indicates a promising path ahead for the nation’s foreign trade structure. Shu Jueting, Ministry of Commerce spokesperson, announced the encouraging news at a recent press conference. “China’s export volume, which initially dipped earlier this […]
Read MoreAmerica’s once-unquestioned dominance in technological innovation is facing a serious challenge. The recent withdrawal of the U.S. Trade Representative (USTR) from key digital trade proposals at the World Trade Organization raises alarming questions about our commitment to maintaining this leadership position. This decision is not just a missed economic opportunity; it’s a strategic blunder with […]
Read MoreChina’s consumer prices remain stagnant and factory-gate prices continue to decline, indicating persistent deflationary pressures in the world’s second-largest economy. The consumer price index (CPI) remained unchanged in September from a year earlier, falling short of the expected 0.2% gain. Core inflation, excluding food and fuel prices, held steady at 0.8%. The producer price […]
Read MoreAfter four weeks of gains, spot container freight rates are expected to decline in November, as shipping lines continue to add capacity despite weak demand. The Shanghai Containerised Freight Index (SCFI) closed on 3 November with Transpacific rates still up, but Shanghai-North Europe rates had already begun to retreat. This is due to carriers adding […]
Read MoreA recent report by analyst Maritime Strategies International (MSI) predicts a positive outlook for container carriers operating between Asia and North Europe in 2024. The report cites emerging signs of a demand recovery in the medium term, as inventories are replenished. The Trans-Pacific route is expected to experience healthy growth in the upcoming year, while […]
Read MoreIn 2022, U.S. freight trade with China by vessel and air modes of transportation account for 63 and 32 percent, respectively. The remaining 5 percent involves foreign trade zones, mail, and other freight moves that are not identified with a specific mode of transportation. Air freight from China decreased from $223.1 billion in 2021 to […]
Read MoreA voluntary partnership of leading maritime goods movement stakeholders, including the Ports of Los Angeles, Long Beach and Shanghai, some of the largest shipping lines in the world, with input from leading cargo owners, have developed a Green Shipping Corridor Implementation Plan Outline to accelerate emissions reductions on one of the world’s busiest container […]
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