Chinese stimulus plan – defend and spend
Don’t burst the bubble…
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
While carriers nervously wait to see how the unfolding trade war between the US and China affects their volumes, another previously lucrative trade may disappear. While waste paper, plastics and steel carried from Europe and the US to China never commanded the highest freight rates – to be fair, they were normally the lowest – it was better than nothing. But, China at the beginning of this year introduced a partial ban on waste imports – seeking to tackle its air pollution problem – possibly hit as much as 5m teu of global box traffic, according to Drewry. Well, according to Recycling Today, it is now intent on a complete ban by 2020.
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