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[OCEAN] U.S. Container Imports Dip Below Pre-Pandemic Levels in January - February 8, 2023
Date : 2023-03-24
U.S. container imports dipped below pre-pandemic levels in January, but a rebound in Chinese imports and consecutive monthly gains points to a stronger than anticipated economic activity, according to Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG)....
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[OCEAN] Lag effect: Why liner profits stay high much longer than spot rates - February 05, 2023
Date : 2023-03-24
Spot container shipping rates in many trades have already collapsed back to pre-COVID levels. But container liner earnings are still nowhere near where they were pre-pandemic. Ocean carriers are still earning billions more per quarter than they used ...
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[GLOBAL & ECONOMY] Saudi Arabia And Russia Face Off Over Chinese Oil Market Share - Feb 11, 2023
Date : 2023-03-24
China’s oil demand is rising with the reopening from Covid restrictions after nearly three years. The initial demand trend suggests a reopening in fits and starts, but analysts say that it will be China that will account for half of this year’s globa...
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Date : 2023-03-24
Now that traders have an idea who’s likely to take the Bank of Japan hot seat, the focus will sharpen on the biggest worry of global bond investors — a wave of Japanese cash flowing out of international markets toward rising yields at home.
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[GLOBAL & ECONOMY] Quake Latest: Turkey’s Economic Toll Could Reach $84 Billion - 12, FEB 2023
Date : 2023-03-24
Turkey has widened its probe into contractors after the collapse of buildings in two massive earthquakes, as search and rescue efforts near the one-week mark.
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Date : 2023-03-24
China’s potential growth has already dropped to a level that would severely affect its development vision of doubling gross domestic product (GDP) and becoming a moderately prosperous nation by 2035, unless it makes substantial reforms in inefficient...
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[GLOBAL & ECONOMY] Consumer Sentiment Improves Modestly In February
Date : 2023-03-24
Consumer sentiment ticked up modestly in February, even as Americans grew a little less optimistic about future conditions, according to the monthly survey from the University of Michigan released on Friday.
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LOGISTICS [Ultra-Competitive Freight Market Emerges for China’s Export] - February 3, 2023
Date : 2023-02-08
A parallel freight market is emerging for exports from China that undercuts the lowest container spot rates.
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OCEAN [Go your own way] - 06/02/2023
Date : 2023-02-08
Maersk tells Drewry that its integrator strategy was incompatible with being part of an alliance.
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AIR [Westbound transatlantic air cargo demand up 6% in January] - Feb 3, 2023
Date : 2023-02-08
Despite high inflation and falling US retail sales, westbound air cargo volumes between Europe and North America rose 6% year-on-year in January but overall global air cargo demand continued to fall, down -8%, as an earlier Chinese New Year and econo...
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Date : 2023-02-08
Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the latest market analysis by Container News.
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Date : 2023-02-08
As China reopens after three long years of Zero-covid policy, early Lunar New Year and COVID infections kept the overall market bearish, but the January month’s global container trading and leasing data from Container xChange, an online container log...
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Date : 2023-02-08
Cracks are appearing in Wall Street’s bullish case for emerging markets as hurdles — from Adani Group’s $108 billion rout to the Federal Reserve’s rate-hiking plans — prompt a more selective approach to investment.
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GLOBAL & ECONOMY [Central Bankers Curb Their Enthusiasm for Rate Hikes] - February 5, 2023
Date : 2023-02-08
Waning global enthusiasm for aggressive interest-rate increases may dominate the dozen or so central-bank decisions due in the coming week.
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Date : 2023-02-08
Inflation in the euro zone dropped for a third consecutive month in January on the back of a significant fall in energy costs.
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Date : 2023-02-08
China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
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GLOBAL & ECONOMY [Economy Adds 517,000 Jobs in January, More Than Double Estimates] - Feb. 3, 2023
Date : 2023-02-08
Employers added a startling 517,000 jobs in January in the first sign of how the labor market might fare this year, with increases widespread across industries from leisure and hospitality to health care, the Labor Department reported on Friday.
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OCEAN [European Ports Brace for Slowdown as ‘Shopping Frenzy’ Ends] - January 24, 2023
Date : 2023-02-08
North Europe’s container hub ports are bracing themselves for the weak January import volumes from Asia to continue through the year.
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OCEAN [Predictions for the Marine Fuels Market in 2023] - January 26, 2023
Date : 2023-02-08
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fast-paced transition towards a more sustainable future.
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OCEAN [Markets are bad, but they could be worse] - January 27, 2023
Date : 2023-02-08
Volumes are looking impressive on a weekly basis, helped by favorable comps over a slight depression during last week’s federal holiday. Yearly comparisons are equally unhelpful, though for the opposite reason: In 2022, shippers were unusually active...