20 Most Read Panjiva Research Articles in June | — Panjiva

20 Most Read Panjiva Research Articles in June

  • By Christopher Rogers
  • · July 6, 2017
  • ·

Trade policy remained a favorite with our readers in June, with putative sanctions against Venezuela and our preview of a long summer of trade policy events being the most read items. The Trump administration remained busy in terms of meetings – with summits with India and South Korea a focal point – though the government reports we expected on steel, aluminum and the deficit didn’t emerge. At least the U.S./Mexico sugar deal was completed.

Corporate reactions to policy matter too, with moves by automakers Ford and Tesla and the risk for renewable energy equipment makers also a focus. In logistics Expeditors lost share in the NVOCC sector, Maersk (and MSC) faced strikes in Spain but continued its confident outlook. Elsewhere the performance of the beer and computer industries drew readers’ interest, while the British elections returned yet another surprise.

#1 Venezuela’s $10 billion sanctions risk (June 5) The U.S. government was reported to be considering sanctions against Venezuela, starting with restrictions on trade with PdVSA. Exports of oil the U.S. are worth $10 billion annually, our data shows, without which Venezuela would run a $3 billion deficit. Chevron and Valero would need alternative supplies.

#7 British political meltdown after election (June 9) The ruling Conservative Party’s loss of a majority in the British parliament will make Brexit negotiations more complicated. We analyzed the electoral math and flagged the potential for a “softer” stance on leaving the EU as well as the risks to the EU’s trade with the rest of the world.

#8 Why South Korea is like Mexico (June 28) A more detailed look at South Korea’s trade dealings with the U.S. showed is mixture of deficit and existing trade deal, along with high proportion of automotive trade makes South Korea look a lot like Mexico. The starting point for future developments could be increased South Korean investment in the U.S.

#9 Vietnam under the Omnibus (June 26) Our (in hindsight premature) preview of the result of the U.S. Omnibus review of the causes of the trade deficit flagged Vietnam as a high-risk target. It has the sixth largest trade surplus vs. the U.S., and has been the third largest contibutor to the U.S. trade deficit’s expansion.

#10 Au revoir Paris, bonjour le vent (June 1) President Donald Trump’s withdrawal from the Paris Climate Accords raises the risk of a less “green” domestic energy policy. Importers may have anticipated this, with imports of wind turbine kit in May reaching 2.2-times their November level.

#11 Ross sweetens sugar talks (June 6) Ahead of an agreement being reached between the U.S. and Mexico on sugar trade mid-month, we previewed the read-through for NAFTA talks, and contrasted it to failed talks between Brazil and China.

#12 Spanish dockers revolting (June 20) June was a challenging month for Maersk (it also suffered cyber-security disruptions), with strikes in Spain causing disruptions. We highlighted the most exposed carriers and routes, with Maersk and MSC representing 43% of Spain-to-U.S. sailings on just two routes.

#13 Maersk strikes a confident pose (June 15) Earlier in the month Maersk’s CEO confirmed the company is on track for its financial targets and is expanding its market share. Our data for U.S. inbound traffic and Brazilian handling highlighted the rapid pace of market share growth in both.

#14 CMA-CGM opens its checkbook (June 14) Maersk’s market share will drop a little though after it sold its Brazilian cabotage operations to CMA-CGM, which will build its share of that market by 0.2% points to 9.5%.

#15 Qatar (not) solo (June 12) The diplomatic moves by six countries including Saudi Arabia against Qatar led to lower oil prices and tanker rates (down 9% and 11% in the first week). The impact on container shipping was minimal. Meanwhile the U.S. inked a $12 billion military aircraft deal shortly afterwards.

#16 Cerveza vs. bier vs. beer (June 28) Our monthly deep-dive into the beer industry highlighted rising exports of beer from Mexico to the U.S. and China, though German beers in U.S. were the best performers.

#17 Looking for strength in energy week (June 26) We previewed the “energy week” policy focus of the Trump administration, and identified $35.3 billion of potential export growth across liquefied natural gas, oil and coal without significant policy changes needed.

#18 Modi and Trump call for creativity (June 27) Prime Minister Modi and President Trump called for a “comprehensive review” of trade relations and identification of “creative ways” of increasing trade. Deals in LNG and aerospace provided a starting point.

#19 Weak below the Surface (June 20) Our monthly review of the PC industry showed U.S. imports dropped as much as 18% in May, with all-in-one machines (including Microsoft’s Surface) being a rare area of growth.

#20 Waiting for the tariff axe to fall (June 8) The U.S. import boom continued in May, with our early read of seaborne data highlighting a 4% increase in shipments led by autos (up 22%) and steel (18%) as buyers perhaps anticipated tariffs to come in July.

These reports all originally appeared in Panjiva Research. To find our more click here.


Your email address will not be published. Required fields are marked *