Capacity tightens ahead of Chinese New Year, says digital rates specialist
The outlook for the container shipping market remains soft despite the welcome boost of the ‘phase one’ trade agreement signed by the US and China,
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The shipping industry will have to plan ahead this year, using a number of assumptions and scenarios, which are expected to hurt global trade and cargo demand.
But warn that further work needs to be done to ease trade tensions between the two nations
Inbound container volumes expected to return to their usual seasonal patterns during the first few months of 2020
This year will be yet another challenging one for the container industry in terms of capacity management, but they will cope.
Trade between China and South Asia is expected to expand again in 2020 after falling last year, with China and India committed to bolstering flows within the two fast-growing regions
Closing out the first full trading week of 2020, the Capesize market is struggling to gain any solid positive upward traction.
2020 has already started with a “bang” when it comes to the tanker market after the latest developments in the Middle East.
A decision on whether to approve plans to develop Manston Airport in the UK into a cargo hub has been delayed by the UK government.
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The Outbound Tender Volume Index (OTVI.USA) is in the midst of its post-New Year’s Day rebound.