Hapag-Lloyd: Thirty per cent of China's US bound shipments have been cancelled

Hapag-Lloyd customers have cancelled 30 per cent of shipments to the United States from China, spooked by the trade conflict between the world's two largest economies, a spokesperson for the German container shipping group told Reuters on Wednesday.

Instead, there has been a "massive increase" in demand for consignments from Thailand, Cambodia and Vietnam, the spokesperson added.