Economics
Trump-China Trade Deal Seen Boosting Grain Container Shipments
- China may buy more U.S. agricultural goods, Ocean Network says
- Ocean Network will use low-sulfur fuel to meet stricter rules
Photographer: Marlene Awaad/Bloomberg
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A deal ending the trade spat between the U.S. and China would boost container shipments of grain, wheat and soybeans, according to the head of Japan’s largest container-shipping company.
While agricultural goods are typically transported in large volumes by bulk ships, there’s a rising trend toward using containers as they can move smaller quantities more efficiently and without the need for storage facilities, said Jeremy Nixon, chief executive officer of Ocean Network Express Pte.