Shipping News revived

Andrew Craig-Bennett on globalisation - Splash247

" The editor (whom God preserve!) is of the opinion that CK Hutchison’s sale of their ports and terminals operation to a consortium of BlackRock and MSC marks the end of globalisation as an idea which rules our thinking on trade in general and trade by sea in particular, and that the tariffs just introduced by the United States mark the start of a very different set of ideas about trade between nation states.
I am of the contrary opinion. I think free trade, or at any rate WTO trade, will beat tariffs. "

One interesting comment:
" Politicians don’t ‘get’ shipping and the current US government absolutely has no clue about world trade and their weaponisation of Trade Tariffs will be an expensive distraction.

The Good News is that the American public (who have even less understanding of all of this than DJT) may feel the pinch of inflation and vote with their pocket books in the Mid-Terms to stymie any more chaos. Only 600 days to go. "

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PS> With the looming trade war with everybody there many no be much need for ships to call at US ports. :thinking:

China is not taking the US proposed port fee laying down:

No, China will not retaliate with fees against US-built or US-flag ships, since they are nearly non-existent in world trade.

More restrictions on foreign ships calling at US ports could be implemented:

Is a “Three-ring Circus” is setting up it’s big top tent on The Mall?:

And the clowns are ruling the circus. :clap:

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And the big question is:

PS> Splash 24/7 has a new magazine:
As well as markets coverage, this new magazine also covers pressing regulatory issues and likely tech breakthroughs. Click here to access the full magazine.

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Thai shipping company Precious Shipping, is busy in the news today:

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But will it solve the problems associated with erratic policy now in place in Washington DC?

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Keep calm and carry on:

Defying Trump?:

Lower trade = less need for shipping:

Less shipping = less need for supplies and services for shipping = less maritime related jobs.

The road to economic disaster is paved with stupid policies.

It is out (in a new and improved version):

But there are pushback:

Signal’s Dry Market Report for week16 shows an interesting swing in the soybean trade: (No, not that “Signal”)

Looks like they are assuming that there will be no LNG export by 2028:

Source:

Maybe it would be smarter to look at what is ailing US shipbuilding and try to correct that, rather than trying to stop China from succeeding?

PS> No it is NOT the high wages in the US. It is rather the high salaries paid to management, the high return expected by stock holders and the lack of modernization of the building process.

Lack of incentive to do anything to compete with other high cost countries, like Japan and NW European countries is another reason.
This comes from “hidden subsidies” in the form of overpriced Government contracts.

Seams like wishful thinking?

Who, in their right mind will order ships from US yards, looking at their record of prices and delivery time?
Even if ordered this year, will the ship be delivered within 3 years?

Tobias Backer, executive director of Pelagic Capital, writes for Splash today on shipping’s cash requirements in uncertain times.:

He is not very occupied with Trump’s tariffs and port dues, though:

Maybe he sees that as a short term problem that will go away when the effects on the US economy exceeds even the stupidity of the Trump administration?

The Koreans to the rescue:

They will bring in knowhow, drawing, materials, machinery and the necessary expertise to build “all American” LNG carriers.
If anybody is willing to pay the price + tariffs, that is.

Not everybody thinks this is feasible:

Shipping data: UNCTAD releases new seaborne trade statistics | UN Trade and Development (UNCTAD)