Outlook for container shipping 'more uncertain now than at the onset of Covid'
Shippers are advised to prepare for “difficult operational and shipping conditions” as maritime analyst Drewry ...
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.
“Based on previous impact analysis, Drewry calculates that a 10% increase in US import prices of goods from China results in a 6% decline in teu volume from China to the US over time, holding all ...
Comment on this article
Joe Alba
May 28, 2019 at 7:37 pmWhile I do not argue with your figures showing loss of volume on both the US and China import and export side of the trade situation, I also suggest that a portion of that loss for the US will be made up by trading with Asian alternate sources. This on-going export loss to China may end up to be significant since inertia may take over, and the temporary sourcing may well turn out to become permanent. I also think it worth noting that the “buyer” in this trade war is much more likely to suffer than the “seller”.