by Manik Mehta Jul 30, 2018
Section 232 loomed large at New York Steel Conference
While U.S. steelmakers applauded the steel tariffs, there were many who saw the “age of protectionism” descending on America. Global trade could suffer collateral damage.
Port of Brownsville positions itself as a “gateway” to Mexico and Latin America
The mood at the “gateway” to Mexico and Latin America, as Port of Brownsville (PoB) likes to profile itself, is upbeat as it tries to implement its expansion plans, aided by the prospect of a number of big-ticket projects being set up on its land.
European ports are optimistic but fear trade war could disrupt shipping and cargo traffic
Despite the optimism generally prevalent among most European ports, which have benefited in the past from the tailwinds accompanying world trade, representatives of these ports express concern over the possible impact of the U.S. steel and aluminum tariffs on Trans-Atlantic trade and shipping.
Europeans on tenterhooks amid fears of outbreak of a trade war
Reporting from Frankfurt, Germany, AJOT correspondent Manik Mehta writes Europeans are unhappy with the Trump Administration’s moves on steel and aluminum, a policy being referred to as the “theater of the absurd” by an Austrian industrialist. Is this the prelude to a trade war?
Baltic Ports see business opportunities inherent in Polar Silk Road to China
Ports in the Baltic region are building up an effective trading route, the Polar Silk Road, to China with some Nordic shippers touting it as a “win-win” situation. While the hyperbole may mask some of the infrastructure issues that still need to be sorted out, the Baltic ports see business opportunities inherent in the Polar Silk Road to increase their tonnage volume resulting from rising trade with China.
Kazakhstan’s focus on renewable energy and infrastructure development aimed at boosting trade
Kazakhstan is looking for economic and energy diversity to sustain growth in the coming decades.
Port of Brownsville’s infrastructure development will strengthen its position
Port of Brownsville, located on the U.S.-Mexican border, is embarking on a $250 million infrastructure project that will deepen the port’s channel to 52 feet. The added depth is needed to keep Brownsville competitive and growing.
The Duisburg connection
From its former provincial character, the Duisburg port in the German state of North Rhine Westphalia is becoming a player in international shipping, its significance receiving a big boost with the recent focus on the Belt-Road-Initiative in Beijing.
Despite the hype, Europeans skeptical about the real motives behind China’s Belt-Road-Initiative
The German term “neue Seidenstrasse“ (the new silk road) is used to refer to what the Chinese President Xi Jinping calls the Belt-Road-Initiative (BRI), which was originally called One Belt One Road project.
Hapag-Lloyd does not plan any further acquisitions
“at least for now”
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