Digital Edition

September 3 2018

Issue link:

Contents of this Issue


Page 30 of 71

September 3 2018 | The Journal of Commerce 31 Roll-On, Roll-Off Shipping: North America Outlook Cover Story Special Report will happen with the trade wars, but if nothing goes wrong, Wallenius Wilhelmsen believes the global market will continue to grow." The numbers back his optimism: Real global GDP is expected to increase 3.4 percent through 2018, 3.3 percent in 2019, and 3.1 percent in 2020, according to IHS Markit, parent company of The Journal of Commerce. However, President Trump has threatened import tari s on vehicles and automotive parts produced in the European Union, China, Mexico, Canada, and elsewhere, although he backed o from the EU threat in late July 2018 after a meeting with European Commission President Jean-Claude Juncker. According to IHS Markit, 6.7 percent of 2017 US THREATENED TARIFFS, DEPRESSED freight rates, looming IMO 2020 emissions regulations, and pressure from clients are keeping the roll-on, roll-o (ro-ro) sector on guard, de- spite stable capacity and a still-ex- panding world economy. The underlying signs are positive for trade in autos, high and heavy, and mining, said Flavio Batista, head of North America sales at WW Ocean. "No one can predict what Cautious optimism Tari threats and low rates challenge upbeat growth prospects of ro-ro industry By Janet Nodar Wallenius Wilhemsen newbuilding Titus on its maiden voyage at the port of Shanghai. Wallenius Wilhelmsen Ocean Flavio Batista

Articles in this issue

Links on this page

Archives of this issue

view archives of Digital Edition - September 3 2018