What We're Reading: Trendwatch Week 30

ocean port at sunset

With Boris Johnson as UK leader, analysts see greater chance of a no-deal Brexit

Boris Johnson won the election to be the next prime minister of the U.K. as a member of the ruling Conservative Party. As Johnson takes office today, many analysts believe his presence in 10 Downing Street increases the likelihood of a no-deal Brexit, a scenario the business community has rallied against since the referendum passed in 2016.

Source: Supply Chain Dive

 

2020 World Maritime theme focuses on sustainability

"Sustainable shipping for a sustainable planet" has been selected as the World Maritime theme for 2020. 

The IMO Council, meeting for its 122nd session at IMO Headquarters in London, endorsed the theme, following a proposal by IMO Secretary-General Kitack Lim. The theme will provide an opportunity to raise awareness of the United Nations' Sustainable Development Goals (SDGs) and showcase the work that the IMO and its Member States are undertaking to achieve the targets.

Source: The Maritime Executive

 

China expected to overtake Japan as top LNG importer by 2022

China could overtake Japan as top LNG importer as early as 2022, according to a new report by Wood Mackenzie.

By then, LNG imports in Japan are expected to decline 12 percent to 72.8 million tonnes per annum (mmtpa) compared to 2018, while China’s import volume rises 37.5 percent to 74.1 mmtpa.

Source: The Maritime Executive

 

US-China tariffs: Consider changing your supply chain

Jul 22, 2019 – Changing Your Supply Chain. Even in a very strong economy, with $250 billion in tariffs on imported Chinese products, many manufacturers and supply chain partners are running into “now what” challenges.

Suddenly, the old adage “changing horses in mid-stream,” a dreaded option for an established supply chain, has now become a necessary consideration.

Source: Supply Chain 24/7

 

Asia-Mediterranean a container tradelane 'on the mend', says Drewry

Often overshadowed by the larger Asia-North Europe route, the Asia-Mediterranean tradelane has so far this year proved to be slightly more robust. 

According to Container Trade Statistics (CTS), westbound liftings from Asia to the west Mediterranean (including North Africa) grew 5.9% year on year to the end of May. 

Source: The Loadstar

 

Fears over challenges posed by IMO 2020 also being felt in dry cargo sector

London-based dry cargo association Intercargo has warned of its “growing concern” at the “magnitude of the challenge” ahead for shipowners and operators with the IMO’s 0.5% sulphur cap on marine fuels coming into force on 1 January.

“It is extremely worrying that compliant fuels have so far been made available only in a limited number of ports and under unfavourable terms for voluntary early testing by ships,” said Intercargo.

Source: The Loadstar