China

China

27 Jan 2020
The true success of carriers’ attempts to recover low-sulfur fuel costs via bunker surcharges may only be evident once the first-quarter financial results are released, but so far it is not looking good.
OOCL has reported a good first year under the ownership of Cosco Shipping.
24 Jan 2020
The US-China trade war pulled down OOCL’s performance in the trans-Pacific, but volume and revenue growth in other trades kept its overall operational result in positive territory.
Cosco’s $1 billion profit forecast for 2019 includes LBCT sale
22 Jan 2020
It has been a good year for Cosco Shipping, with seemingly no ill effects from the US-China trade war or slowing economies around the world.
20 Jan 2020
Decarbonizing global shipping comes with a huge price tag, but much of the costs will be required in landside infrastructure investment.
17 Jan 2020
Factories in China close for the lunar new year holidays that begin on Jan. 25, and the high spot rates enjoyed by carriers on the trade are beginning to fall.
15 Jan 2020
Ag exporters are pleased by Wednesday’s signing of the US-China “Phase One” trade agreement, but the immediate impact on export volumes in the westbound trans-Pacific is unknown because the deal lacks specific details on commodity codes and tariff levels, they say.
10 Jan 2020
US imports in January-February are projected to drop steeply year-over-year, but pick up in March and return to normal seasonal trends.
10 Jan 2020
Despite the continuation of US import tariffs on $370 billion in Chinese-made goods and a slowing global economy, Asian container trade growth is expected to accelerate in 2020.
08 Jan 2020
A jump in pilotage fees at China’s Yantian International Container Terminal come as Hong Kong is already under pressure to maintain its position as one of the world’s top 10 container ports amid a continual shift of volumes to nearby Chinese ports and some shift in manufacturing from China to southeast Asian nations.
THE Alliance to roll out HMM mega-ships in revised Asia-Europe network
08 Jan 2020
Members of THE Alliance are making plans to reshuffle their Asia-North Europe and Asia-Mediterranean networks in preparation for HMM, which will join the vessel grouping in April.
06 Jan 2020
The impact of steadily rising low-sulfur fuel prices on carriers is being partly offset by a strong increase in the Asia-Europe spot market, but the traditional slack season is just a couple of weeks away.