International Trade News
Shippers need to think about end-to-end power costs, not just fuel prices, when designing supply chains, speakers at the CSCMP meeting said. Those costs, they warn, could become more volatile.
Heavy investment in India by global car companies in the hope that the fast-growing market would soon rival China are faltering as car sales fall and the depreciating rupee pushes up costs, but the big brand carmakers such as Volkswagen, Ford and Renault-Nissan are now looking outwards.
New export orders saw China factory output increasing in September as the mainland manufacturing sector continued to expand, reaching a two-month high and raising expectations that inventory building could see export growth into the fourth quarter.
China’s Ministry of Environmental Protection is considering new regulations that would put provincial authorities in charge of approving wastepaper imports that the ministry now regulates.
India and China signed 16 memorandums of understanding, including a five-year trade and economic cooperation plan, in a major attempt to address the growing trade imbalance between the two countries.
Spot rates on the Asia-northern Europe trade plunged below $1,000 for the first time since March as September GRIs continued to slide, according to the latest Shanghai Containerized Freight Index.
Japan’s trade surplus with the United States shrank sharply in August, as exports to the U.S. declined while imports surged at a double-digit pace, according to preliminary trade figures released Thursday by Japan’s Finance Ministry.
U.S. containerized exports will grow in the next five years on the back of a strong construction demand around the globe, JOC Group Economist Mario Moreno says.
The tit-for-tat imposition of embargoes between Russia and the West has opened the door for Brazil beef exporters to significantly expand shipments to Russia in recent months, with greater growth likely in 2015.
Given the slightly stronger-than-expected first half, and that economic conditions in the U.S. are improving, JOC Group Economist Mario Moreno is upgrading the 2014 imports projection to 6.7 percent annual growth, up from the March projection of 5.9 percent.