Mexican tariffs a 'smart signal' that duty-free loophole is closing
Mexico’s recent imposition of tariffs on foreign imports has signalled to China and the US ...
Overcapacity will persist next year and, along with stricter environmental regulations, will prompt more scrapping of elderly tonnage and slow-steaming, said Cosco corporate secretary Xiao Junguang yesterday.
He said: “Looking into 2024, the global economy is expected to stabilise and recover. According to WTO estimates, global trade is estimated to grow 3.3%.”
And Sea-Intelligence’s latest report, issued yesterday, suggests the current tonnage overhang will peak next year, and be fully resolved by 2028.
On Monday, ...
Volcanic disruption at Anchorage could hit transpacific airfreight operations
Shippers snap up airfreight capacity to US ahead of tariff deadline
New price hikes may slow ocean spot rate slide – but for how long?
Tighter EU import requirements proving 'a challenge' for forwarders
Supply chain delays expected after earthquake hits Myanmar
Forwarders stay cool as US 'liberation day' tariffs threaten 'global trade war'
Looming Trump tariffs will create 'a bureaucratic monster' for Customs
Comment on this article