Hong Kong Exports up in First Quarter Amid Businesses’ Preemptive Moves to Beat US Tariffs, Minister Says

Hong Kong exports up in first quarter amid businesses’ preemptive moves to beat US tariffs, minister says

Hong Kong’s exports rose in the first quarter of this year, as businesses raced to preempt US tariffs before they came into force, the city’s transport and logistics minister has said.The Kwai Chung Container Terminals in Hong Kong. File photo: Kyle Lam/HKFP.Mable Chan, secretary for transport and logistics, said during a legislative meeting on Wednesday that Hong Kong’s air exports rose by 3.2 per cent year-on-year to 1.16 million tonnes in the…

China-US Trade Soars as Exporters Race to Hit Trade Truce Window

A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.

Shipping Scramble as U.S.-China Tariff Truce Triggers Export Frenzy

Shipping Scramble as U.S.-China Tariff Truce Triggers Export Frenzy - ‘Trying to ship a year’s worth of goods in three months — of course there’s no room’

The interim arrangements between the United States and China have already affected trade between countries, at least there has been some recovery in China ' s desks. For example, in the week of 12 May, the volume of container booking in the United States exceeded 228,000 TEU, twice as high as the previous week, Bloomberg writes. It is noted that transport costs have also increased. In particular, according to Drewry World Container Index, s…

Eastbound trans-Pac spot rates in revival mode in wake of US-China trade deal

Rates are climbing quickly amid fresh Chinese volumes headed to the US, with an expected crunch in vessel capacity and the potential for port congestion driving the gains.

Korea Maritime Transport back in transpacific trade for first time in four decades

Container lines old and new are rushing to catch a flurry of China to US cargos