Tariff Quote Watch: ONE Sees Three Outcomes For Trade War, Two Are Not Good — Panjiva


Tariff Quote Watch: ONE Sees Three Outcomes For Trade War, Two Are Not Good

China 1758 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Ocean Network Express has raised concerns that Transpacific shipping in 2019 may be damaged by the ongoing U.S.-China trade war, depending on how industrial supply chains react. In the instance of significant shifts of production capacity from China to the U.S. that could lead to a “moderate to substantial” drop in containerized shipping volumes. ONE depends on China for 45.2% of its U.S. inbound volumes. ONE has struggled to expand its container handling more generally in the past year, shown by China-to-U.S. volumes that have fallen by 2.2% in the 12 months to Oct. 31 vs. a year earlie...

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