Times may be challenging, but there are some massive exporting opportunities for ambitious exporters that have the right support, to convert these opportunities into profit across Asia, North America and Mexico.
When President Trump initiated a trade war with China last year, the Chinese retaliated by increasing duties on US exports, while simultaneously decreasing the tariffs that other trading partners faced, creating a significant opportunity for active exporters.
With ramifications for shippers, the International Maritime Organisation (IMO) has ruled that from the 1st January 2020, the marine sector will have to reduce sulphur emissions by over 80%, by cleaning existing fuel systems (using scrubbers) or switching to more expensive lower sulphur fuels.
Intermodal rail freight services are growing rapidly, with 65 routes now service 14 countries. Stefan Holmqvist, managing director of NGL Asia, talked to Dragon News about this vibrant mode and how NGL’s rail freight business has grown by several hundred percentage points, in just a few years.
The forecast slowdown in trade demand in 2019 and more new container ships due on the Asian trade, has already seen increased use of slow steaming, ship idling, blank sailings, and exhaust scrubbers to absorb additional capacity, and it is now announced that APL, will exit the Asia-Europe trade altogether.
Norman Global Logistics have been operating sea and air freight services to and from Mexico for over 10 years, with our local partner macargo and are gearing up for further growth as Brexit nears.
NGL’s contribution to the logistics industry is recognised with award at the 2019 HTFN conference in Miami.
NGL Hong Kong will close on 13th May for Buddha’s birthday, a holiday traditionally celebrated in most of East Asia to commemorate the birth of the Prince Siddhartha Gautama, later the Gautama Buddha and founder of Buddhism.