International Trade News
The East Hope Group is a formidable aluminium producer, with some 150 subsidiaries and 24,000 employees.
India’s container trade is expected to grow at a faster pace in the coming months.
The Top 5 Importers in 2016 combined to handled 2.2 million TEU while the Top 5 Exporters shipped 921,600 TEU.
Nine port pairs on services between Southeast Asia and the West Coast are experiencing faster transit times than before the new and enhanced alliances launched April 1.
Julian Thomas, CEO of Hamburg Sud in the East Coast of South America, said the first-quarter figures are “impressive indeed.”
The strong showing may reflect some additional business due to the resetting of the alliances, but is more likely a sign of the good trade performance by the overall economy over the past months.
Growth in US containerized exports continues, but slows, despite uncertainties over the direction of US trade policy, a strong dollar, and growing competition.
"We have seen growth spurts before that have fizzled out and regressed back to the downwards trend soon enough, although admittedly none in recent years have been close to the same magnitude.”
Indices measuring the health of Japan’s import and export container trade improved in the first quarter.
Japan’s container trade is estimated to have risen 1.9 percent year-over-year to 11.9 million TEU in fiscal 2016.