[OCEAN] US container imports expected to fall as freight rates hit multi-year lows - 10 Oct 2022

Date : 2022-10-20

North American container imports are expected to drop to their lowest level since early 2021, maritime consultancy Hackett Associates said, as weakening demand drives freight rates lower.

[OCEAN] Shipping market outlook - Container vs Dry bulk: Q3 2022 update

Date : 2022-10-20

Third-quarter 2022 Dry Bulk Utilization Index is now available through the Freight Rate Forecast Volatile path to lower freight rates in near term before recovering in late 2023 with regulation impact on supply and gradual demand recovery

[GLOBAL & ECONOMY] The global economy is in chaos. Nobody’s coming to the rescue. - October 15, 2022

Date : 2022-10-20

America is driving the West’s response to the war in Ukraine. But U.S. officials are struggling to project a global response to a worldwide economic slowdown.

[GLOBAL & ECONOMY] Europe is in the middle of a brutal energy crisis. Next year could be much, much worse - October 15, 2022

Date : 2022-10-20

As bad as Europe’s energy woes are now, the continent’s energy crisis will not be over by next spring.

[GLOBAL & ECONOMY] Surging dollar tests China's capital controls as cash flees] - October 17, 2022

Date : 2022-10-20

Cash is leaving China's financial markets at the fastest clip in years as investors flee a falling currency and sputtering economy, and analysts point to hints that more money is being moved out of the country along back channels in a further sign of...

[GLOBAL & ECONOMY] Japan keeps up warnings over rapid yen moves after G20 - October 17, 2022

Date : 2022-10-20

Japanese authorities kept up their verbal warnings to the market on Monday of a firm response to any overly rapid yen declines, after a 32-year low for the yen last week and meetings of global financial leaders that acknowledged currency volatility.

[GLOBAL & ECONOMY] American consumers are becoming more price-sensitive again - October 13, 2022

Date : 2022-10-20

ASKED ABOUT the state of the economy, Americans are surprisingly gloomy. More than half say they are experiencing financial hardship; more than a third say they are having difficulty paying for regular household expenses. Yet, even as surveys suggest...

[LOGISTICS] If supply chain crunch is finally easing, why is inflation so high? - October 2, 2022

Date : 2022-10-13

Remember back in 2021 when inflation was “transitory” and surging consumer prices were blamed on the supply chain crisis? The Fed and macro investors became intensely interested in chaos at the ports. The focus on bottlenecks spurred the Federal Rese...

[LOGISTICS] Ocean freight orders are signaling a big drop in consumer demand - OCT 3 2022

Date : 2022-10-13

A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop in ocean freight orders for the months of September and October. The decline in demand cuts across many products, includin...

[AIR] Top 25 air cargo carriers rise to supply chain challenge - 05 / 10 / 2022

Date : 2022-10-13

IATA World Air Transport Statistics (WATS) data shows the top 25 cargo airlines last year succeeded in delivering on an appetite for air cargo, despite limited capacity, staff shortages and pandemic-related congestion and constraints throughout the s...

[OCEAN] ‘Potential feeder containership shortage’ in Mediterranean - Oct 10, 2022

Date : 2022-10-13

MSI said that newbuilding contracting by owners who operate in the Mediterranean will need to increase in the coming years as environmental regulations tighten. Environmental regulations threaten supply by making some vessels less commercially viable...

[OCEAN] Asia-US container rates continue to fall, nearing pre-pandemic levels as imports slow - 07-Oct-2022

Date : 2022-10-13

Rates for shipping containers from east Asia and China to the US continued to fall this week and are nearing the levels seen at the start of the pandemic, pushed lower by falling demand, China’s ongoing zero-COVID policies and Chinese factory closure...

[GLOBAL & ECONOMY] IMF, World Bank Warn of Increasing Risk of Global Recession - October 11, 2022

Date : 2022-10-13

The heads of the International Monetary Fund and World Bank warned of a rising risk of a global recession as advanced economies slow and faster inflation forces the Federal Reserve to keep raising interest rates, adding to the debt pressures on devel...

[GLOBAL & ECONOMY] Winter is coming for Europe’s auto industry, which faces an output fall of one million due to supply energy woes - October 11, 2022

Date : 2022-10-13

Europe's auto industry faces not only a difficult winter but a tough 2023 as well, with potential output loss of one million cars per quarter, as companies struggle to stay online amid possible energy shortages and supply chain issues.

[GLOBAL & ECONOMY] IMF cuts Asia's growth forecasts, warns of strong dollar strains - October 11, 2022

Date : 2022-10-13

The International Monetary Fund cut Asia's economic growth forecasts on Tuesday, with rising inflation forcing many central banks to tighten monetary policy even as exports face the brunt of slowing growth in trade partners such as the United States.

[GLOBAL & ECONOMY] China auto sales growth slows in Sept as signs of softening demand emerge - October 11, 2022

Date : 2022-10-13

Sales of electric vehicles (EV) in China rose at their slowest pace in five months as demand faltered in a sputtering economy despite government incentives to revive the auto market, though industry officials forecast a stronger end to the year.

[GLOBAL & ECONOMY] Americans' inflation expectations dropped again in September, New York Fed says - October 12, 2022

Date : 2022-10-13

Consumer expectations for where inflation will be one year from now eased again in September, according to a key Federal Reserve Bank of New York survey published Tuesday, a potentially reassuring sign for the U.S. central bank as it tries to cool su...

[LOGISTICS] ['Smart ships need smart ports']

Date : 2022-10-06

Smart ships need smart ports. That's what Fabio Ballini, an assistant professor at World Maritime University in Malmo, Sweden, often says. With the climate crisis encouraging the world to increase energy efficiency and reduce carbon emissions, more a...

[AIR] World’s largest ocean freight carrier launches air cargo business - Sep 28, 2022

Date : 2022-10-06

Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy’s flag-carrier airline.

[LOGISTICS] Vanishing traffic at key ports signals demand slump in West - 01 Oct 2022

Date : 2022-10-06

In a sign of slowing demand amid geopolitical turmoil, the wait time for berthing of ships at India’s largest and busiest port in Kandla has slipped from 7-9 days to less than a day, shippers and exporters said. They also warned there could be more s...