German trade bodies back Angela Merkel’s tough stance over Brexit
Two of largest business associations say letting UK opt out of aspects of free movement could endanger EU. Two of the largest German trade associations have come out in support of Angela Merkel taking a firm stance during negotiations over Britain’s exit from the EU, even if it comes at a short-term cost. Asian Maritime Crimes Down 65 Pct
The number of piracy and armed robbery incidents in Asia from January to September 2016 decreased by 65%, compared to the same period in 2015, according to The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP).A total of 59 incidents were reported during the period, including 3 piracy and 56 armed robbery incidents, ReCAAP said.
Infographic: World’s Container Shipping Alliances
The infographic below, published by Oslo-based benchmarking and market intelligence platform for containerized ocean freight Xeneta, shows current shipping alliances as well as upcoming alliance reorganizations.
As of 18 July 2016, the world’s shipping alliances include the 2M alliance (Maersk and MSC), the Ocean Three alliance (CMA CGM, UASC, COSCO Shipping), the G6 alliance (NYK Line, OOCL, APL, MOL, Hapag-Lloyd* and HMM) and the CKYHE alliance (K Line, COSCO, HANJIN, Evergreen, Yang Ming).

Drewry: Gradual Recovery Expected in Container Shipping
Despite continuing concerns of weak trade growth and fleet oversupply in the container shipping market, a gradual market recovery is now expected, according to shipping consultancy Drewry. Worse than expected second quarter financial results will be followed by a better second half-year. But Drewry still expects container carriers to record a collective operating loss of USD 5 billion this year. “We forecast industry profitability to recover next year, thanks to improving freight rates and slightly higher cargo volumes, and so record a modest operating profit of USD 2.5 billion in 2017,” Drewry said. While average freight rates are expected to improve next year, this will follow several years of negative returns and will still leave pricing well below the average for 2015, according to the shipping consultancy.

EU-Canada free trade deal at risk after Belgian regional parliament vote
Wallonia parliament passes resolution against CETA, which requires unanimous agreement of all 28 EU member states A landmark trade deal between the EU and Canada is in jeopardy after being rejected by a Belgian regional parliament, raising questions about other agreements such as a future arrangement between the UK and the EU.

U.K. Economy Plugs Along 100 Days Post-Brexit
The recessionary concerns that floated around immediately following the Brexit vote may have been overblown.
It’s been 100 days since the U.K. voted to leave the European Union – sending global stock markets careening and sparking concerns that the country would plunge into recession in the separation’s aftermath.