At the start of 2020, the world may have been looking at what new developments or increases we may have seen in the global shipping industry over 2020. Instead, the industry has to assess how it can recover from the Coronavirus crisis that stopped global trade temporarily. Before COVID-19, China and the United States, two of the world’s major trade partners, had been at a trade war, straining trade relations. 2020 offers new challenges for
Recent trends in the trade picture in Southeast Asia show that Vietnam is becoming a significant competitor to the robust Chinese economy. On one front the number of orders for goods is shifting from China to Vietnam, and ocean freight forwarders are directing more shipments in and out of Vietnam because cheap labor and a skilled workforce support more manufacturing operations. Another economic benchmark is the number of industries relocating from the prestigious Chinese Pearl
The current tariff battle and the impending trade war between the U.S. and China began in 2011 when Donald Trump was anticipating a run for the Presidency. Since then, the China Ocean Shipping Company has shipped fewer products from the U.S. to China mainly because there has been a steady increase in friction between the two countries over trade balances. In an agreement that began as a discussion, it was not long before the U.S.
As a leading international freight forwarder, the experts at Asiana USA understand that newer companies often have various questions concerning the organization, political navigation, and the price of the international shipping process. With the amount of misleading and contradictory information available online, it comes as no surprise that one of the most common questions fielded by freight broker agents pertains to multimodal vs. intermodal shipping. The following guide includes an explanation of each type of
