OPINION | Trade tensions and rising risks lead to slowing growth

The International Monetary Fund (IMF) has revised down its predictions for global growth in 2019 and 2020. It forecasts growth to be 3.5 per cent in 2019 and 3.6 per cent in 2020. This means a dampening of global growth over the next two years, as growth in 2018 is estimated to be 3.7 per cent The slowdown will affect both advanced and emerging economies.

OPINION | Trade war cease-fire is good news for the dry bulk sector

Following an almost total halt in exports of soya beans to China in the last quarter of 2018, the new year has brought new hopes for American farmers and the dry bulk shipping sector. The USDA reported that in the first four weeks of 2019 754,609 tonnes of soya beans were ready to be shipped in China, up from only 25,347 tonnes in December.

FEATURE | US container imports break records but uncertainty lies ahead

Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7 per cent and 8 per cent respectively in the first 11 months of the year compared to the same period in 2017. Record high levels of inbound laden containers were experienced on both coasts in October with the USWC at 1.09 million TEU and the USEC at 0.91 million TEU according to data from BIMCO.

FEATURE | Shipping caught in the trade war crossfire

Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on August 23, but September is likely to dwarf it all, as the US has proposed slamming tariffs on goods worth US$200 billion. The tariffed goods’ share of global trade is largely underestimating the overall negative impact of this trade war on globalisation and international shipping.

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