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Trade Deal Seen Boosting Grain Container Shipments

China may buy more U.S. agricultural goods, Ocean Network says

Container ship

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, reports Bloomberg.

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.

Ocean Network was created in July 2017 and began services in April last year. The group was formed by combining the container-shipping operations of Japan’s three biggest shipping companies.

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