In the first half of the year, global trade improved slightly, thanks to growth in Asia and the United States, while Europe lagged behind. Expectations for the second half of the year suggest that there will be no significant changes.
In the first half of the year, global trade improved slightly, thanks to growth in Asia and the United States, while Europe lagged behind. Expectations for the second half of the year suggest that there will be no significant changes.
In recent years, Italy and China have maintained a strong economic relationship despite Italy’s shift away from the Belt and Road Initiative (BRI). Prime Minister Giorgia Meloni’s visit to Beijing highlighted Italy’s intention to continue fostering cooperation, with a focus on high-value sectors and enhancing trade.
The trade relationship between China and the US has been deteriorating, a trend that began during the Trump administration and has continued under Biden. While the EU has been more cautious in its approach, its patience with China’s trade practices is wearing thin, leading to potential further strain in the trade relationship between China and the West.
The July 2024 Ocean Freight Market Update highlights the current trends and developments affecting global shipping, with a specific focus on demand, capacity, rates, and regulatory impacts