The global container line sector had a challenging 3Q, with the biggest drag to EBITDA coming from CMA-CGM and ONE. Samsung and Honda have helped Thailand’s emergence as a manufacturing hub, but more shipping capacity is needed. Also: Losses are more important than tariffs for Chinese steel exporters; PdVSA has avoided the seizure of Citgo, but has become more reliant on Valero; Mexico’s trade activity has accelerated ahead of AMLO’s inauguration; export sentiment in Europe has diverged, but Brexit still weighs; America rattles the autos saber ahead of the G20; $2.5 billion at risk from ...