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[OCEAN] Decline in spot freight rates accelerates, reports Shifl - October 26, 2022
Date : 2022-11-03
SHIFEX, a container spot freight rate index, shows that freight rates for 40’ containers moving from China to the port of Los Angeles fell to US$1,825 in October, which was equivalent to the peak season rates pre-pandemic.
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Date : 2022-11-03
The Drewry’s World Container Index took a 7% tumble to quote at US$3,145. The Index which has lost 67% annually and 70% since its peak, has now retraced over 81% of its gains ever since the pandemic hit the globe.
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[GLOBAL & ECONOMY] Won Bears Bet Even the Most Hawkish BOK Will Fail to Match Fed - October 31, 2022
Date : 2022-11-03
Currency traders are betting there’s more downside ahead for the beleaguered won as efforts by policy makers to stem its decline are outpaced by the Federal Reserve’s most aggressive tightening campaign since the 1980s.
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[GLOBAL & ECONOMY] Europe’s energy crisis is very far from over - October 31, 2022
Date : 2022-11-03
OCTOBER, OFF the Spanish coast, a number of slow-moving metallic domes emerged on the skyline. They were tankers, pregnant with superchilled liquefied natural gas (LNG) and waiting for delivery at busy “regasification” terminals, where their liquid f...
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Date : 2022-11-03
At a warehouse on an industrial stretch in Ottawa, giant metal crates of donated groceries are piled high as volunteers sort canned goods, pasta and other foods to be distributed to pantries around the Canadian city.
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Date : 2022-11-03
China's leader Xi Jinping has tightened his grip on power, shutting out reformers to effectively take sole charge of the world's second-largest economy — and that has rocked markets.
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Date : 2022-11-03
A strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said.
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[LOGISTICS] Evergreen conservative about outlook - Oct 15, 2022
Date : 2022-10-28
Evergreen Marine Corp (長榮海運) gave a conservative profit growth outlook for this quarter, as demand and freight rates retreated amid a strong US dollar and surging inflation, but its full-year profit could exceed that of last year, president Eric Hsie...
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Date : 2022-10-28
Global supply chain woes have eased ahead of the holiday season, according to Flexport founder and co-CEO Ryan Petersen.
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[AIR] Soft market conditions continue in air cargo - 20 / 10 / 2022
Date : 2022-10-28
Soft market conditions continue in air cargo as trade worries, high inflation and new Covid lockdowns impact demand.
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[OCEAN] OCEAN FREIGHT RATE MOVING TOWARDS MANAGEABLE LEVELS - 17 October 2022
Date : 2022-10-28
A muted peak shipping season in 2022 has prompted a downward shift for freight rate levels as effective vessel supply increases and demand into some key import markets slows.
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[OCEAN] U.S. container imports tumble as supply stress gives way to slack - October 21, 2022
Date : 2022-10-28
After more than two years of surging demand, the volume of container imports coming through U.S. ports has tumbled sharply, raising questions about where a sector once tracked as a supply-chain stress point will hit bottom.
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[GLOBAL & ECONOMY] Here's what's really hurting the economy - October 22, 2022
Date : 2022-10-28
I went out for pizza the other night, but had to eat it in my car. That’s because the Frank Pepe’s in Manchester, Connecticut had this sign on its door. “Attention: Dining Room closed after 4 p.m. today due to staffing shortages.” So I ate i...
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[GLOBAL & ECONOMY] Uneven Inflation Spike Redraws Euro Zone’s East-West Divide - October 22, 2022
Date : 2022-10-28
In the Baltic region, where inflation is the bloc’s quickest and has topped 25%, Estonia has seen the cost of goods and services leapfrog Italy and Spain since last year, making it the most expensive country in central and eastern Europe. Slovakia an...
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Date : 2022-10-28
Asian shares mostly rose Monday, but benchmarks fell in Hong Kong and Shanghai after Beijing reported that the Chinese economy gained momentum in the last quarter. Market watchers are keeping a cautious eye on inflationary pressures and any signs ...
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Date : 2022-10-28
Japan's core consumer inflation rate accelerated to a fresh eight-year high of 3.0% in September, challenging the central bank's resolve to retain its ultra-easy policy stance as the yen's slump to 32-year lows continue to push up import costs.
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[GLOBAL & ECONOMY] Wall Street Is Heading to Saudi Arabia as US Oil Spat Simmers - October 24, 2022
Date : 2022-10-28
An escalating dispute over an OPEC+ decision to cut oil production risks causing lasting damage to political relations between the US and Saudi Arabia. Wall Street seems unfazed.
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Date : 2022-10-20
The fall in China’s exports in September, the global economic downturn and the innumerable repercussions of the endless impacts of the war, the lockdowns in China, and the port strikes have been the highlight of the monthly container logistics report...
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[LOGISITCS] Exporters gain from lower sea freight rates - 2022-10-14
Date : 2022-10-20
Lower sea freight rates will benefit China's export-oriented companies in the fourth quarter, which can be a practical driver to stimulate demand in the global market, said analysts and exporters.
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[AIR] Air cargo rates and volumes decline further - Oct 14, 2022
Date : 2022-10-20
Global air cargo prices and volumes continued to decline, the latest figures from WorldACD Market Data reveal.