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Signs of China’s weakening economy are showing up across all shipping sectors at once - September 9, 2022

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  • Signs of China’s weakening economy are showing up across all shipping sectors at once - September 9, 2022


    Shipping’s China syndrome: Demand sinks across multiple cargo markets

    Container export growth drops; imports of crude, iron ore, LNG under pressure
    Friday, September 9, 2022

    In the mid-2000s, when shipping stocks first became popular on Wall Street, the shares were commonly bought as a play on China’s economy. China is pivotal to ocean shipping, whether it’s container ships, oil tankers, bulkers or gas carriers.

    “There’s a saying that everything that moves out of China in containers has to come into China as raw materials,” noted Oeyvind Lindeman, chief commercial officer of Navigator Gas (NYSE: NVGS), on his company’s latest conference call.

    Ominously, signs of China’s weakening economy are showing up across all shipping sectors at once.


    more....

    Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?

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