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Sino-us trade ceasefire Good news for shipping

According to xi jinping, the chairman and the President's instructions, trump on May 17 to 18, 2018, by xi jinping, chairman of the special envoy, the Chinese delegation led by deputy prime minister liu crane under the state council and including Treasury secretary, Mr Qin, secretary of commerce and trade representative Ross Wright jersey and other members of the U.S. delegation to the constructive discussions on trade issues.

China and the United States issued a joint statement on bilateral economic and trade consultations in Washington on November 19.The statement reads as follows:

Both sides agree that effective measures will be taken to substantially reduce the trade deficit with China.In order to meet the growing consumer demand of the Chinese people and promote the development of high-quality economy, China will greatly increase its purchase of goods and services from the United States.It also contributes to U.S. economic growth and employment.

The two sides agreed to increase U.S. agricultural and energy exports meaningfully, and the United States will send a delegation to China to discuss specific issues.

The two sides discussed expanding trade in manufacturing products and services, and reached consensus on creating favorable conditions to increase trade in these areas.

Both sides attach great importance to ipr protection and agree to enhance cooperation.China will press ahead with the revision of relevant laws and regulations including the patent law.

The two sides agreed to encourage two-way investment and will strive to create a level playing field.

The two sides agreed to maintain high-level communication on this issue and actively seek to solve their respective economic and trade issues.

Obviously, the economic and trade cooperation has been the propeller and YaCangShi china-us relations, but for some time, economic and trade issues have become one of the major challenges for keep good overall relations between China and the United States, it is imperative to fundamentally solve the problem.As the economic and trade relations are stable, the ties of interests between China and the us will be stronger, and you and I will become a stable structure with your pattern, and win-win results will be achieved.

And from the point of a joint statement, the two countries agreed to take effective measures to materially reduce the U.S. trade deficit with China goods, this means that China will increase a lot since imports, in addition to the agricultural products, energy, will also expand manufacturing products trade, this also means that sino-us trade volume will be on a new step.Based on the current trade between China and the United States, the shipping industry will usher in a bright future for the boom.

From the point of view of container transportation, from the north American route in recent years, based on the economic and trade improvement, the volume of goods has maintained steady growth.According to clarkson data, in 2017, the Pacific route is expected to deliver 25.3 million TEU, up 5.0% year on year.Among them, 17.5 million TEU were completed on the eastern route, up 7.4%, the highest in recent years.The west bank completed a total of 7.8 million TEU, with a slight decline of 0.6 percent.Clarkson predicted that the Pacific route would maintain steady growth over the next two years, with a total of 26.3 million TEU expected to be completed in 2018, up 4.0% from a year earlier.A total of 27.2 million TEU is expected to be completed in 2019, up 3.4 percent year on year.While keeping the volume of goods growing, the Pacific east-west route will be more balanced in the face of increased U.S. imports.

Since 2009, China has been one of the top two markets for U.S. agricultural exports, from dry bulk shipments, and soybeans are the main agricultural products exported to China.In 2017 alone, 47% of America's soyabeans are exported, with China accounting for more than half of its total exports, with a total of 32.8 million tonnes, or $14 billion.

In addition to agricultural products, us coal production is recovering and exports are growing rapidly at a time when Mr Trump's policies on coal companies are being reversed.U.S. coal exports totaled 88m tonnes in 2017, up 60.9 per cent year on year, according to the us energy information administration.In China, India and other markets with strong demand and high international coal prices, U.S. coal exports are expected to remain high in 2018.MurrayEnergy, one of the largest coal companies in the us, has said it exported 15m tonnes of coal last year and is expected to export 22.5 million tonnes in 2018.Obviously, these will stimulate the dry bulk transport market further.

In oil and gas transportation, the United States energy information administration (EIA) previously published in 2018, the annual energy outlook report, said in the EIA is expected, the United States as early as in 2022 became a net energy exporter, four years ahead of forecast last year, mainly driven by oil and gas market change.The asia-pacific has become an important target market for us oil, and the increase in us oil exports has contributed to the eastward shift of global trade.At the end of 2015, after the U.S. crude oil export restrictions were lifted refiners in the asia-pacific region's growing demand for crude manufacturers to seek new markets are keen to coincide with the United States, more and more Asian countries began to U.S. crude oil imports.

The EIA estimates that U.S. crude and liquid production will continue to grow to 2042, while natural gas production will continue to rise to 2050.LNG, known as liquefied natural gas (LNG), is expected to dominate U.S. exports.Due to the completion of the LNG export facility currently under construction, the future LNG export of the United States is expected to increase substantially, especially for Asian countries.In November 2017, the US President's visit to China in two days, trump enterprises of China and the United States signed a bilateral trade and economic co-operation of record large amount of single - up to $253.5 billion, amount of natural gas related agreement accounted for more than half.

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