US Crude Oil Exports to China drop to zero in August
09 October 2018Total US crude exports to all destinations other than China hit a new all-time high in August at 6.96 million tonnes.
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Soya bean trade lanes may change due to the ongoing trade war
19 April 2018The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes that may become affected by the trade war between the US and China.
US firing shots at allies as exemption of EU, Canada and Mexico ends
04 June 2018Months of uncertainty about the potential exemptions of the EU, Canada and Mexico’s exports of steel and aluminium to the US have ended, and with a hard hit.
The trade war is all about the eastbound transpacific trade lane
08 May 2018When two of the world’s top trading partners, get entangled in a stand-off, where the outbreak of a trade war could become the extended tool of intense negotiations, we’d better prepare for what may come. While hoping that it will never take place.
A trade war is harmful to us all and clearly bad for global shipping
22 March 2018Free trade provides prosperity and peace. It’s a fundamental principle to cherish and safeguard. All trade-restrictive measures are in principle bad for shipping. Right now, the international atmosphere is full of threats of retaliation and it appears likely that major trading partners with the US like the EU and China will hit back to draw a line in the sand for the US Administration and President Trump.
‘Phase One’ agreement boosts exports and doubles volumes from last year
15 December 2020October has been the best performing month of 2020 in terms of US exports of the goods outlined in the ‘Phase One’ trade agreement between the US and China. Export values of these goods totalled USD 10.3 billion, breaking the previous high of USD 7.8b in September.
As oil prices plummet, crude oil tanker time charter rates skyrocket
02 April 2020Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared.
US seaborne exports slow as the trade war takes hold
26 March 2020Before the coronavirus outbreak, shipping was already facing headwinds, including those caused by the trade war which has lowered volumes and changed trade patterns, both interesting developments which will continue into the future even as the world adjusts to the new reality.
Suez Canal ship transits rise amidst the Covid-19 pandemic
16 June 2020Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the Covid-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year.
US-China "Phase One" agreement fails to boost January volumes
12 March 2020Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January.
