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OCEAN [Slight December Decline in U.S. Container Import Volumes Aligns with 2019 Levels]
Date : 2023-01-20
U.S. container import volumes in December 2022 continued to close in on 2019 volumes. Port delays, meanwhile, continued to improve, especially for the top East Coast ports as their import volumes have receded. Chinese imports again declined, but much...
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OCEAN [Asia-US container rates stable this week as ocean freight begins to normalize] - 16/01/2023
Date : 2023-01-20
Rates for shipping containers from east Asia and China to the US were largely stable this week, an indication that ocean demand is in the process of normalising from the sustained surge experienced over the past two years.
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Date : 2023-01-19
DAVOS, Switzerland (Reuters) -The prospect of imminent global recession cast a long shadow over Davos on Monday as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and bus...
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GLOBAL & ECONOMY [Japanese Feel the Worst Off Since 2010 as Inflation Bites] - January 11, 2023
Date : 2023-01-19
More than half of Japanese households said their livelihoods have worsened in a Bank of Japan survey, sending a clear signal that the hottest inflation in four decades is eating into people’s confidence.
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GLOBAL & ECONOMY [European Gas Slumps to 16-Month Low on Strong Supply Outlook] - January 16, 2023
Date : 2023-01-19
Natural gas prices in Europe dropped to the lowest level since September 2021 as the supply outlook got a boost with full stockpiles in China forcing buyers to send LNG cargoes to the continent.
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Date : 2023-01-19
China's economic growth in 2022 slumped to one of its worst levels in nearly half a century as the fourth quarter was hit hard by strict COVID curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.
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Date : 2023-01-19
US short-term inflation expectations fell in early January to the lowest in nearly two years, providing a bigger-than-expected boost to consumer sentiment.
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OCEAN [Will 2023 be the “Mixed Bag” Everyone’s Expecting For Shipping?]
Date : 2023-01-19
2023 has began with most experts expecting a mixed bag for the various shipping segments. In its latest report, shipbroker Intermodal said that “the United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on Decemb...
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OCEAN [Peak Season Surge Could Be Make or Break for Ocean Carriers] - January 6, 2023
Date : 2023-01-19
Container spot rates from Asia to North Europe, as recorded by Drewry’s WCI index, increased by 10% this week from their pre-Christmas level, to $1,874 per teu.
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Date : 2023-01-19
A turbulent 2022 for the global air cargo market ended in December with a ‘win/win’ outcome for airlines, forwarders and shippers as chargeable weight fell -8% on a year ago and the general airfreight spot rate registered its largest year-on-year dec...
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Date : 2023-01-19
Nearly a third of logistics managers at major companies and trade groups say they do not know how much trade they would return to the West Coast once an International Longshore and Warehouse Union, or ILWU, labor deal is reached, according to CNBC’s ...
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OCEAN [Coast is (almost) clear as port congestion fades even further] - January 06, 2023
Date : 2023-01-19
Final pockets of congestion on East and Gulf coasts nearly gone What a difference a year makes. At this time in 2022, over 100 container ships were stuck waiting off the ports of Los Angeles and Long Beach, California, with around 150 off all Nort...
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Date : 2023-01-19
The U.S. economic outlook is complicated. Friday's two key data points were no exception. The December jobs report showed more jobs were created last month than expected, while the unemployment rate fell to its lowest level since 1969.
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GLOBAL & ECONOMY [Economists Fret Over Perils Ahead for Global Growth] - January 9, 2023
Date : 2023-01-19
The world economy looks to be transitioning to a more difficult era where interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced.
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GLOBAL & ECONOMY [World Bank to Warn of Global Recession Risk in Economic Outlook] - January 7, 2023
Date : 2023-01-19
The warning is contained in an abstract for the bi-annual “Global Economic Prospects” report due for release on Tuesday and visible on the group’s Open Knowledge Repository website.
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GLOBAL & ECONOMY [Putin’s Energy Gambit Fizzles as Warm Winter Saves Europe] - January 9, 2023
Date : 2023-01-19
Mild weather, a wider array of suppliers and efforts to reduce demand are helping, with gas reserves still nearly full and prices tumbling to pre-war levels. After the sharp turnaround over the past month, Europe is likely already through the worst o...
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GLOBAL & ECONOMY [Multinationals eye evolving Chinese market] - 2023-01-06
Date : 2023-01-19
Nation attracts companies with huge opportunities and opening-up measures Yann Bozec, a French citizen and president for the Asia-Pacific region at Tapestry Group, a luxury goods company based in the United States, has two new year wishes. He w...
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Date : 2023-01-19
US inflation data in the coming week are expected to stay consistent with a gradual step-down in cost pressures, and will help determine the size of the Federal Reserve’s next interest-rate increase.
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Date : 2023-01-06
The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers.
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AIR [Tiaca positive for air cargo in 2023 despite tough outlook] - 27 / 12 / 2022
Date : 2023-01-06
Air cargo association Tiaca is predicting another tough 12 months for air cargo demand, but has also outlined positives for the industry.