The introduction of tariffs on aluminum and steel by the US government in 2018 set off a trade war with China that has been escalating through tariffs on more and more goods introduced by both parties. At the same time, China has been gradually implementing a ban on importing scrap and waste of metal, paper, and plastic, with a target to have a complete ban by 2021.
Baltic container shipping has seen fundamental structural changes in the last decade. It’s long-term future looks equally interesting with Maersk among an expanding group of container lines exploring the Arctic route, plus growing overland links to China . This inherently brings both risks and opportunities to regional stakeholders.