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International Shipping
Drewry finds container shipping future is murky as 2020 approaches
Date:2019-11-28 Readers:
THE US-China trade dispute appears to have sucked the life out of the trade, beyond which trade substitution cannot hope to offset, says London's Drewry Maritime Research, after looking at the data.
 

Despite some robust growth out of South East Asia, the eastbound transpacific container market will very likely end the year with lower volumes for the first time since 2009, reports the American Journal of Transportation.

Eastbound trade from Asia to the US was flat after 10 months of the year according to PIERS and given the tough comparison to the final two months of 2018, an annual deficit seems inevitable.

More transpacific calls to Vietnam are slowly being added, but the relocation of manufacturing production from China will not be swift, said the AJOT report.

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