data reveals a staggering 59.7% surge in container volume demand from #China to #Mexico in January 2024 compared to the January 2023. With volumes soaring from 73,000 TEU to 117,000 TEU (source: Container Trades Statistics), this trade route emerges as one of the world’s fastest-growing.
Two pivotal factors fuel this remarkable growth:
1.The rise in #China imports into #Mexico, destined for re-exportation to the #US, circumventing tariffs imposed on direct imports from China.
2.Increasing shipments of raw materials from #China to #Mexico, fuelling the expansion of light industries in #Mexico to cater to the #US market.
As Peter Tirschwell aptly stated in one of his interviews , ‘trade is like water,’ always finding its way around obstacles. The pivotal question isn’t whether #Mexico will become the new China, but rather, whether customers stand to benefit from these evolving trade dynamics.
Read the article here: https://www.freightwaves.com/news/is-mexico-becoming-the-new-china
Welcome Astrid Maersk. The future is here.
Consistent with the tradition of naming Maersk vessels after members of the founding family, Astrid Mærsk is named after Astrid Uggla who served as godmother to our first large methanol-enabled vessel Ane Mærsk. Astrid Uggla is the grand-daughter of Ane Mærsk Mc-Kinney Uggla, the chair of A.P. Møller Fonden and its investment company A.P. Moller Holding which is the majority owner of A.P. Moller – Maersk.
“We are truly excited to welcome Astrid Mærsk to our new fleet capable of sailing on green methanol. With this vessel and her sister vessels, Maersk is taking important steps on the journey towards the energy transition of ocean transport. No one can do this alone. To enable green supply chains and accelerate shipping’s move towards net-zero emissions, continuous courageous action by dedicated customers like Nissan, industry peers, and suppliers is essential.” Says Maersk CEO Vincent Clerc.
Astrid Mærsk is one of our 18 large methanol-enabled newbuilds scheduled for delivery between 2024 and 2025.
Only a fool and/or a customs & trade expert has the alarm bell to go off at 02.45am for another mission to fix the world.
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