Coronavirus hits India’s shipping, while empty containers get scarcer

Coronavirus is beginning to impact shipping operations in the Indian subcontinent. Blanked westbound Asia-North Europe sailings mean export containers out of India that tranship at Colombo are not being picked up. In addition, the widespread closure of automotive component production facilities is having a severe impact on India’s burgeoning car manufacturing industry. Sujan Roy, head […]

White House forms China trade deal watchdog office

STR’s Bilateral Evaluation and Dispute Resolution Office will ensure China commits to “Phase One” trade obligations and provide forum for settling disputes involving the bilateral trade pact. Chris Gillis Monday, February 17, 2020 0 370 The White House has initiated a new office to ensure that China sticks to its commitments under the “Phase One” […]

Slowing Chinese demand due to coronavirus hits oil prices

Michael Angell, Bulk and Intermodal Editor Monday, February 3, 2020 Crude oil prices are seeing sharp declines to start the week as concerns mount about weaker demand in China due to the coronavirus. The unfolding crisis in the world’s second-biggest economy has one major investment bank seeing the potential for a further 13% price drop […]

Panama Canal aims to keep volume gains fueled by West Coast congestion

The Panama Canal Authority is setting its sights on retaining the increase in container volumes from Asia to the U.S. East and Gulf Coast ports it gained in recent months, thanks to shippers diverting cargo from congested West Coast ports. Even though it has not experienced any increase in the number of Panamax vessels transiting […]

Walmart and JB Hunt join customer list for Tesla’s new all-electric Semi truck

Retail giant Walmart has made tentative steps towards electric trucking with a $5,000 per vehicle deposit for 15 of Tesla’s new Semi trucks. Launched in California on Thursday, the Semi has yet to be priced – although one analyst told the BBC just the engine could cost $200,000, more than double the price of an […]

Trump Hits China With Tariffs on $200 Billion in Goods, Escalating Trade War

President Trump, emboldened by America’s economic strength and China’s economic slowdown, escalated his trade war with Beijing on Monday, saying the United States would impose tariffs on $200 billion worth of goods and was prepared to tax all imports. A CARBON FIBER PRODUCTION LINE AT A FACTORY IN LIANYUNGANG IN CHINA’S EASTERN JIANGSU PROVINCE. PRESIDENT […]

Trump to Delay Tariff Increases on Chinese Imports

U.S. president cites substantial progress in trade negotiations By Bob Davis and Lingling WeiUpdated Feb. 24, 2019 9:29 p.m. ET WASHINGTON—President Trump said Sunday he would delay an increase in tariffs on Chinese goods set to take effect at the end of this week, citing “substantial progress” on issues including intellectual property and technology transfer […]