Trade News


Hyundai Merchant Marine to Say Good Bye to 2M Alliance?

Dec 04, 2018

South Korea's largest shipping firm Hyundai Merchant Marine (HMM) is likely to part ways with the 2M Alliance which will expire in April 2020 and join  a new ocean alliance said a local media report.According to a report in Business Korea, the…

Global Container Trade Lost Momentum in Q3: Maersk

Nov 15, 2018

Global container trade continued to lose momentum in Q3 2018, with growth down to around 2.7% compared to Q3 2017, said A.P. Moller - Maersk in its Q3 interim report.Year-to-date, global container trade has increased by 4.2% compared with the same period last year…

ICS Chairman Warns on Global Trade War

Nov 13, 2018

International Chamber of Shipping (ISC) Chairman Esben Poulsson has warned of the threats facing the global economy as US trade sanctions against China and other countries risk damaging long-term development.Speaking on behalf of the global trade association for ship owners in Tokyo on 13 November…

BIMCO: US soya bean exports to China down 97%

Nov 01, 2018

The trade war and particularly the Chinese tariffs on imports of U.S. soya beans can now clearly be seen with the start of the soya bean peak exporting period in the U.S. In the first eight weeks of the 2018/19 marketing year accumulated U.S…

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