By Julie Ingwersen and Humeyra Pamuk CHICAGO/WASHINGTON Dec 13 (Reuters) - U.S. government officials on Thursday hailed China's first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come. The U.S. Department of Agriculture (USDA) announced private sales of 1.13 million … [Read more...]
Huawei Arrest Keeps U.S.-China LNG Spat Alive, Developer Says
By Naureen S. Malik (Bloomberg) -- The arrest of a top Chinese technology executive means the tariff war that ensnared liquefied natural gas may not have reached a cease-fire, according to the developer of a U.S. project to export the fuel. Liquefied Natural Gas Ltd. has been cautioned by prospective Chinese buyers of supply from the terminal it plans to build in Louisiana … [Read more...]
China Gas Boom Opens Free Market Cracks for Trucks and Ships
By Dan Murtaugh (Bloomberg) -- So you want in on China, the world’s fastest-growing gas market? It would have been virtually impossible last decade. The only gas seen in China was pumped from its own wells and sold at prices strictly regulated by the government. Today, things are vastly different as China has become the world’s biggest importer. Its battle … [Read more...]
China’s Export Boom to the U.S. Seen Coming to an End in January
By Bloomberg News (Bloomberg) -- A recent surge in exports from China to the U.S. is set to turn into a slump in January as tariffs imposed on Chinese goods rise, according to Nomura economists. In September, U.S. President Donald Trump imposed a 10 percent tariff on $200 billion of imports from China and pledged to raise the duty to 25 percent at the beginning of next year, … [Read more...]
Shipping Remains ‘Cautiously Optimistic’, But Wary of Protectionism
By Alex Lennane (The Loadstar) - Protectionist trade policies are continuing to spook the global maritime sector, although a newly released report suggests the industry has “cautious optimism”. The Navis Business Bellwether report, conducted by Business Performance Innovation (BPI), surveyed more than 174 maritime executives on expectations and fears for the coming … [Read more...]