[AIR] European airlines will fare better than anticipated after Ukraine invasion - Feb 27, 2023

Date : 2023-03-24

A year on from the invasion of Ukraine – large European airlines such as BA and AerLingus (part of IAG) are not going to suffer as badly as once feared, says Bloomberg Intelligence. The price of jet fuel falling 43% from a June peak is a relief, whil...

[OCEAN] Utilisation pushes freight rates down, except Atlantic, reports Sea-Intelligence - February 23, 2023

Date : 2023-03-24

Sea-Intelligence analysis shows that during the pandemic period, a mix of high demand and loss of capacity due to vessel congestion resulted in record vessel usage rates, which in turn resulted in a rise in spot rates, both of which peaked in Februar...

[OCEAN] US West Coast ports, dockworkers continue negotiations; Asia-US container rates steady to lower - 24-Feb-2023

Date : 2023-03-24

West Coast dockworkers and ports are continuing to negotiate on a new contract, Asia-US rates for shipping containers were steady to lower, and inland truck spot and contract rates continue to edge lower, highlighting this week’s logistics update. ...

[GLOBAL & ECONOMY] How the Russia-Ukraine war has changed Japan’s economic outlook - Feb 27, 2023

Date : 2023-03-24

One year after Russia invaded Ukraine, inflationary pressure continues to haunt countries such as Japan that are heavily reliant on imported goods. Not long after Russian troops marched across the border toward Kyiv, developed nations rolled out a...

[GLOBAL & ECONOMY] The small European nation of Switzerland beat sky-high inflation. Here’s how - FEB 27 2023

Date : 2023-03-24

As many countries across the globe battle stubbornly high inflation, the rise in prices has been far less dramatic in Switzerland, a small mountainous nation in western Europe. Inflation in Switzerland hit a 29-year high of 3.5% in 2022. While sti...

[GLOBAL & ECONOMY] Reopening of China’s economy to unleash M&A activity in 2023, particularly among EV and consumer firms, Bain says - 26 Feb, 2023

Date : 2023-03-24

Chinese companies, particularly those in the fields of electric vehicles (EVs) and consumer products, will increase mergers and acquisitions (M&As) activity in 2023 to boost scale and enhance profitability following the reopening of China’s economy, ...

[GLOBAL&ECONOMY] Fed’s Inflation Gauge Shows Prices Continued to Rise More Than Expected in January - Feb. 24, 2023

Date : 2023-03-24

In yet another sign the battle against inflation is not going to be easy, the Federal Reserve’s preferred inflation measure showed prices rose 0.6% in January as the monthly and yearly increase came in higher than expectations, according to the Burea...

[LOGISTICS] Port of Long Beach ‘Optimistic’ About Regaining Market Share - February 13, 2023

Date : 2023-03-24

There’s no doubt about it… The Port of Long Beach is seeing reduced cargo. Softened consumer spending, increased prices driven by inflation and a shift in trade routes to West and East Coast ports contributed to a dip in cargo moving through the P...

[LOGISTICS] HMM Orders Nine Methanol-Powered Containerships for $1.2 Billion - February 14, 2023

Date : 2023-03-24

South Korean shipping line HMM has placed a $1.2 billion order for nine 9,000 TEU capacity dual-fuel containerships powered by methanol. The shipbuilding contracts were signed with Hyundai Samho Heaving Industries and HJ Shipbuilding and Construct...

[AIR] German airport strikes have “massive consequences” for cargo operations - 17 / 02 / 2023

Date : 2023-03-24

Strikes taking place today at many of Germany’s airports will have “massive consequences” for air cargo and lead to “significant challenges” for humanitarian aid flights, according to the Barig airline association. Public sector workers and ground...

[OCEAN] Danish analysts see “price war” behind carriers reaction to recent container demand collapse - February 15, 2023

Date : 2023-03-24

Danish maritime data analysis company noted the different approaches of container shipping lines to the demand decrease at the beginning of 2020 caused by the Covid-19 pandemic outbreak and in the recent container demand collapse, which started in Se...

[OCEAN] Asia Container Trade: China container trade market struggles with slow market pickup - 20/02/2023

Date : 2023-03-24

The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to spot rates. This trend is evident in different regions, such as China and Southeast Asia...

[GLOBAL & ECONOMY] Beijing Wants to Meet EU Leaders as US Ties Fray - February 19, 2023

Date : 2023-03-24

China and the European Union should prepare for a meeting of their leaders, Beijing’s top foreign policy official said, a sign of the Asian nation’s efforts to court Europe amid worsening ties with the US. In a meeting on the sidelines of the Munich ...

[GLOBAL & ECONOMY] Early BOJ Shift Would Risk Return to Deflation, Ex-Deputy Warns - 19, FEB 2023

Date : 2023-03-24

The Bank of Japan tweaking its yield curve control before achieving its price goal would risk pushing the world’s third-largest economy back into deflation, former Deputy Governor Kikuo Iwata said, warning the central bank’s incoming leadership again...

[GLOBAL & ECONOMY] Europe is looking to tackle sky-high debt loads after signs it will dodge a recession - FEB 13 2023

Date : 2023-03-24

European officials sighed with relief Monday after new data suggested the region will avoid an economic recession. But all eyes are now turning to what the bloc will do with sizeable government debt piles in the EU amid tentative signs of an econo...

[GLOBAL & ECONOMY] China’s economic recovery is off to a slow start - FEB 14 2023

Date : 2023-03-24

Migrant workers have mostly returned to work after China’s biggest holiday of the year, and children went back to school this week. But preliminary data indicate overall growth isn’t roaring back on all cylinders yet, despite mainland China ending...

[GLOBAL & ECONOMY] Like the Weather, the Economy Started 2023 Warmer Than Expected - Feb. 17, 2023

Date : 2023-03-24

Welcome to the “no landing” economy. Just as Americans had gotten used to the idea that perhaps the economy would escape a recession in 2023 and glide to the proverbial “soft landing” of slowing inflation and slow growth, economists are now embrac...

[LOGISTICS] Major container lines boost schedule reliability, MSC and Maersk top rankings - February 7, 2023

Date : 2023-03-24

Maritime data analysis company Sea-Intelligence said in its last report that the schedule reliability figures increased during the second quarter of 2022. "The rapid increase in schedule reliability that we have been seeing in the second half of t...

[LOGISTICS] Shore Thing - 2023 Global Trade Themes

Date : 2023-03-24

Boom time demand and supply chain inflation will both reverse in 2023, dragging on the volume and value of global trade. S&P Global Market Intelligence's global trade forecasts, shown in Figure 1, find that a downturn in the automotive and consumer g...

[AIR] Air cargo outlook: challenging market ahead - 06 / 02 / 2023

Date : 2023-03-24

It’s been an interesting period for the air cargo industry as volumes have been trending downwards since the first half of last year, while the capacity situation continues to change and rates remain above pre-Covid levels despite recent declines. ...