Background

FMC’s Maffei says capacity demand won’t recede until late 2022

“We continue to evaluate conditions arising as a result of alliance activities. If there was true market manipulation such as limiting space and carriers sitting on empty ships refusing to use them, then we would take action. Carriers are buying new ships and new containers are being ordered. We are seeing them taking advantage of the increase in demand.”

[FreightWaves]

China quietly sets new 'buy Chinese' targets for state companies

“The former official said that when China joined the World Trade Organization, it agreed not to issue such internal documents. The document also violated the spirit of the January 2020 Phase One trade deal with the United States, the former official said. ‘They need to reduce barriers, not create new ones.’"

[Reuters]

Vietnam becomes world’s 2nd biggest garment exporter

“Vietnam overtook Bangladesh last year to become the world’s second largest garment exporter with a turnover of US$29 billion, according to statistics from the World Trade Organization.

Vietnam gained a global market share of 6.4 percent last year, less only than China’s 31.6 percent. In 2019, it had only had a share of 2.9 percent.”

[VN Express]

Two U.S. companies seek extension of Trump-era solar tariffs

“The duties began at 30% and have since dropped to 18%. They will run out early next year.”

[Reuters]

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