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[OCEAN] Hapag-Lloyd CEO: Container market volatile but not collapsing - November 10, 2022
Date : 2022-12-01
Hapag-Lloyd CEO Rolf Habben Jansen put a positive spin on the container shipping downturn during a conference call Thursday as his company logged yet another quarter for the record books.
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[OCEAN] Zim flew higher in shipping boom, falls faster as market sinks - November 16, 2022
Date : 2022-12-01
Ocean carrier Zim outperformed its much larger rivals at the peak of the container shipping boom. It’s still raking in over a billion dollars a quarter, but as the market corrects, it’s falling back to Earth faster than others.
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Date : 2022-12-01
The rise of trade barriers against China and other countries over the past year could cost the global economy $1.4 trillion, on top of the severe damage being done by the war in Ukraine, the head of the International Monetary Fund said.
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[GLOBAL & ECONOMY] How Europe’s Energy Crisis Could Turn Into A Food Crisis - Nov 20, 2022
Date : 2022-12-01
Runaway energy price inflation has wreaked havoc on European industrial activity, with the heaviest consumers taking the brunt. Aluminum and steel smelters are shutting down because of energy costs. Chemical producers are moving to the United States....
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Date : 2022-12-01
Turkey’s rate-cutting streak is set to continue when policymakers meet on Thursday, as its president calls for its key interest rate to fall to single digits this year, even as inflation accelerates past 85 per cent.
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[GLOBAL & ECONOMY] Russia’s War Rewires Trade, the Cost of Shipping Oil Surges - November 20, 2022
Date : 2022-12-01
Oil tanker tycoons are enjoying a surge in revenue as the sanctions triggered by Russia’s war are redrawing the global trade in crude. And it’s set to last.
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[GLOBAL & ECONOMY] Dollar tumbles from 20-year high as US inflation eases - NOVEMBER 20 2022
Date : 2022-12-01
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[LOGISTICS] Shipping rates are no longer plunging. Is ‘new normal’ near?
Date : 2022-11-17
Ocean shipping spot rate indexes are still falling. But after months of steep declines, they’re dropping much less rapidly than before. It could be just a temporary plateau before the next leg down. Or it could be something more significant: the firs...
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[LOGISTICS] Union vs. Union Dispute Stalls West Coast Port Labor Talks - Nov. 8, 2022
Date : 2022-11-17
A dispute between two unions over which workers get certain jobs at a cargo-handling terminal at the Port of Seattle is holding up labor talks between West Coast dockworkers and their employers.
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[AIR] DB Schenker launches CO2-neutral air freight worldwide - Nov 11, 2022
Date : 2022-11-17
DB Schenker is expanding its portfolio of climate-friendly logistics solutions, opening the next chapter in green transport in air freight. Customers now have the option of choosing Sustainable Aviation Fuel (SAF) for their air transportation from an...
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Date : 2022-11-17
The industry is witnessing a major slump in the order-to-inventory ratio with high inventories but slower demands. According to the November edition of the Container xChange Forecaster, this leaves a rippling effect across different stages of contain...
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[OCEAN] After steep September slide, US imports stabilize in October - November 08, 2022
Date : 2022-11-17
The outlook for U.S. imports looked ominous in September, when volumes plummeted double digits, both year on year and compared to August. If imports had continued to collapse at September’s pace, they would have sunk below pre-COVID levels in October...
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Date : 2022-11-17
As the US and its allies try to reinforce their mineral supply chains to cut dependence on China, Africa will help bridge the supply deficit for minerals essential to the green energy transition, observers say.
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[GLOBAL & ECONOMY] UK business confidence hits lowest level since 2009 - November 14, 2022
Date : 2022-11-17
UK business confidence fell to 18% in October — its lowest level in at least 13 years, new data has shown. According to Accenture and S&P Global's latest UK business outlook report, this compared with net balances of confidence of 28% in June and ...
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Date : 2022-11-17
Every year, an estimated 92 million tonnes of textile waste is generated globally and the apparel industry’s global emission is said to increase by 50% by 2030. These are alarming numbers about the state of environmental pollution caused by the texti...
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[GLOBAL & ECONOMY] China Plans Property Rescue in Latest Surprise Policy Shift - November 14, 2022
Date : 2022-11-17
China issued sweeping directives to rescue its property sector, adding to a major recalibration of its pandemic response in the strongest signs yet that President Xi Jinping is turning his attention toward shoring up the world’s second-largest econom...
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Date : 2022-11-17
Federal Reserve Governor Christopher Waller said “we’ve still got a ways to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices.
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Date : 2022-11-03
The intersection of European and US natural gas and diesel markets has likely never been more uncertain as it is going into winter 2022-23
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[LOGISTICS] US Dockworker Union Deal Will Take Months Says Seroka - October 25, 2022
Date : 2022-11-03
A labor deal between 22,000 dockworkers at US West Coast ports and their employers may take several months to reach, but service disruptions while negotiations continue are unlikely, according to the chief of the Port of Los Angeles.
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Date : 2022-11-03
Air cargo prices and tonnages have stabilized in the past two weeks after dropping sharply in early October, but there are still no signs of a significant fourth-quarter (Q4) peak season, the latest figures from WorldACD Market Data reveal.