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Mario Moreno News

04 Jul 2018

Trade Wars Threaten to Derail Container Revival: Drewry

The risk to container shipping from US-led trade wars is currently low, but potentially very damaging, according to the latest edition of the Container Forecaster published by global shipping consultancy Drewry. “In the March report we said that we were hopeful of a peaceful resolution, but at this point in time we must accept that tariffs are going to become a reality. The only question now is: how severe will they be?” said Simon Heaney, senior manager, container research at Drewry and editor of the Container Forecaster. Additional tariffs of 25% on the first list of 818 Chinese products, worth approximately $34 billion, are scheduled to be collected by US Customs from Friday 6 July.

29 Mar 2018

Asia-U.S. Trade to Grow 7%

About 500 people gathered at the Long Beach Convention Center for the event, which brings together a panel of shipping and trade experts to offer their perspectives on industry trends and how they affect the San Pedro Bay port complex. One of the panelists, Drewry Maritime Research Senior Quantitative Economist Mario Moreno, predicted Asia-U.S. trade will grow 6.8 percent in 2018, the fastest pace in more than half-a-dozen years. He also estimated the overall U.S. economy will expand 2.8 percent. While President Donald Trump and China have proposed higher tariffs, an all-out trade war between China and the United States appears unlikely, according to Moreno. “Both nations have a lot to lose,” Moreno said.

31 Mar 2016

Port Industry Expects Growth in 2016

Photo: Port of Long Beach

At the 12th annual “Pulse of the Ports Peak Season Forecast,” panelists told the audience of about 550 people that cargo growth should continue through 2016 even though uncertainty remains as the economy and industry continue to evolve. One of the panelists, Senior Economist Mario Moreno, IHS Maritime & Trade, stated that containerized imports from Asia will grow at about 5.5 percent in 2016. He also stated that the overall U.S. economy would grow by about 2.3 percent. Each spring…

01 Nov 2010

Top Source Countries for U.S. Containerized Imports

U.S. containerized imports showed positive growth year-to-date ending August 2010, according to PIERS. An analysis of the data reveals that the U.S. containerized imports grew 15 percent year-to-date (10,846,000 TEUs) with China tracking as the lead source country. Yet, while containerized import growth is expected to continue this year, a slowdown appears to be on the horizon. Of the 173 countries with import activity in the PIERS database, China ships more containerized imports to the U.S. than any other country. From January through August, 2010, the U.S. sourced 48 percent of its containerized imports from China, that is, 5.3 million TEUs, up by 17.8 percent from a year earlier. In August, containerized imports from China surged by 23.5 percent compared to August 2009.