Sustainability. Low Sulphur Caps Are Coming. Pacific Basin Is the Poster Child (See CSR Discussion)

Quick Takeaways Pacific Basin '17 Results Conference Call

Pacific Basin Business Model, A Review After Meeting Management

Transport Sector, China and Asia-focused Research

Charles De Trenck

Macroeconomics

<p>Considered a possible risk for some time, China finally moved to block inflows of old China-bound vessels for scrapping  last week, in a continued bid to reduce pollution. The ban is expected to be in place by end 2018. Recall our updates last year on moves to block inflows of waste products, and the negative impact on China inbound container volumes, with continued impact in 2018.</p><p>Short-term there is little impact on scrap steel prices. But this will mess with shipowner plans to comply with…</p>

Considered a possible risk for some time, China finally moved to block inflows of old China-bound vessels for scrapping  last week, in a continued bid to reduce pollution. The ban is expected to be in place by end 2018. Recall our updates last year on moves to block inflows of waste products, and the negative impact on China inbound container volumes, with continued impact in 2018.Short-term there is little impact on scrap steel prices. But this will mess with shipowner plans to comply with…

China’s Ongoing Bid for Less Waste: China Bans Foreign Vessel Scrapping (Scrap Steel Data to ’69)