MPV-market expected to grow by 2% despite weakened economy
The fragile global economy has weakened the outlook for the multipurpose shipping industry but despite the challenges and uncertainties, the market is still expected to grow by 2% annually until the end of 2021, forecasts...Read more
Wallenius Wilhelmsen rejects poorly paying car contracts
Ro/roWallenius Wilhelmsen has recorded a 7% lower income in the third quarter of 2019 due to a drop in volumes. The company is faced with slower markets and “consciously” chose not to carry low paying...Read more
Rotterdam reports growth across all breakbulk markets
Throughput figuresRotterdam’s breakbulk volume has grown by 4.4% in the first nine months of 2019. The port authority says there was an increase in all traditional markets including aluminium and steel. On the contrary, Port of...Read moreAntwerp’s breakbulk volume severely hit by trade war
The trade war and economic slowdown have negatively impacted breakbulk volumes in Antwerp. Overall breakbulk volumes including ro/ro dropped by 9% in the first nine months of this year. The throughput of conventional breakbulk, which...Read more
Confidence in shipping drops due to trade war
PRESS RELEASE – Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from maritime consultant BDO. Yet...Read more
Oil prices may fall ahead of 2020, warns Rystad Energy
The oil market is going from gloomy to gloomier, warns Rystad Energy in a new market report. Increased production, economic recession, the ongoing trade war and IMO 2020 together may become a dangerous mix which...Read more
The common interest of Trump, Xi and project carriers: LNG
Plant constructionA swift trade deal between the US and China could propel the US to the top of China’s LNG supplier list, shows a report from Morgan Stanley. That would be a win-win-win for Trump, Xi...Read moreTrade war jeopardizes forecast wave of LNG shipments
ConstructionThe escalation of the trade war between the United States and China jeopardizes the construction of several mega LNG projects, likely postponing the forecasted wave of project cargo shipments that are needed to build the...Read more“There are no winners when you increase unilateral tariffs”
Trade warThree major shipowners’ associations warn against the impact of the trade war and the rise of protectionist measures that they say have led to a seven-fold increase in import-restrictive trade measures since 2017 and an...Read more
China hits back with tariffs on more than 5,100 American products
Trade warDespite Trump’s warning not to retaliate, China will hit back with import tariffs of 5% to 25% on 5,140 American products with a total worth of USD 60 billion, after Washington increased tariffs on Chinese...Read more
Strong project cargo shipments increase Wallenius Wilhelmsen’s income
Ro-roDespite slightly lower volumes, Wallenius Wilhelmsen has increased its income in the first quarter of 2019 thanks to a more favourable cargo mix, strong project cargo shipments in the Atlantic and high fuel cost compensation...Read more
Trump pulls trigger on extra tariffs, escalating trade war
Trade warUnited States president Donald Trump today pulled the trigger on a new round of tariffs on Chinese goods, escalating the trade war with China which was seemingly coming to an end. China has said it...Read more