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Date : 2022-10-06
The latest data from the Xeneta Shipping Index (XSI®) reveals long-term contracted rates fell by 1.1% in September. This is the first drop since January and one of only three declines in the past 21 months. However, analysts at Oslo-based Xeneta, whi...
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[OCEAN] Port of Felixstowe: More strike action possible, says union - October 04 2022
Date : 2022-10-06
The union on strike at the UK's busiest container port warned there could be further industrial action.
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Date : 2022-10-06
Governments around the world are determined to bring down inflation whatever the cost, but a growing chorus of voices is pointing out that aggressive monetary policies could have some serious and long-lasting consequences on the world economy.
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Date : 2022-10-06
Europe is at the epicentre of a global manufacturing slump, according to a closely watched survey that showed the bloc's two biggest economies are struggling to remain competitive.
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Date : 2022-10-06
India's factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures and strong business confidence, a private survey showed.
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Date : 2022-10-06
Core consumer prices in Japan's capital, a leading indicator of nationwide inflation, rose 2.8% in September from a year earlier, exceeding the central bank's 2% target for a fourth straight month and marking the biggest gain since 2014.
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[GLOBAL & ECONOMY] U.S. manufacturing nearly brakes; price pressures abating - October 4, 2022
Date : 2022-10-06
U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand and tame inflation.
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[OCEAN] West Coast ports sink to lowest share of US imports since early 1980s - September 22, 2022
Date : 2022-09-28
The West Coast was the destination of choice for Asian exports in the initial stage of the COVID buying boom — before container-ship queues stymied the ports.
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Date : 2022-09-28
Christian Roeloffs, chief executive, Container xChange warns Europe’s overstretched supply chains are set for more stress. The strikes Felixstowe and now in Liverpool will lead to port closures stretched up to more than a week. Followed by this will ...
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[AIR] Xeneta Air Freight Rate Update, September'22 - September 22, 2022
Date : 2022-09-28
In mid-September, average air freight rates from the Asia Pacific to Europe and the Middle East stood at USD 5.59 per kg, witnessing a 21% fall from the peak at the start of this year.
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[LOGISTICS] Maersk North America Update (September 2022) - 23 September 2022
Date : 2022-09-28
Tentative railroad worker deal averts strike pending union member ratifications: The terms of the deal run through 2024 and largely mirror a proposal recommended by a Presidential Emergency Board. Membership of just two of the 12 unions have ratified...
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[OCEAN] Asia-US container rates plunge as inflation, recession fears stunt demand - 23-Sep-2022
Date : 2022-09-28
Rates for shipping containers from east Asia and China to both US coasts continued to plummet this week as softening demand amid persistent inflation, fears of a recession and an extremely early peak season have opened up capacity, which is weighing ...
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Date : 2022-09-28
The U.S. dollar (DX-Y.NYB) screamed higher Friday after the British pound (GBPUSD=X) was whacked when British authorities introduced a new stimulus package consisting of fresh spending and tax cuts.
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Date : 2022-09-28
An energy crisis the likes of which hasn't been seen in decades is unfolding around the world. The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies ...
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[GLOBAL & ECONOMY] Crisis Level Risks Loom in Asia as Major Currencies Crack - September 26, 2022
Date : 2022-09-28
The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. While other Asian nations are digging deep into foreign-exchange reserves to mitigate the dollar’s da...
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Date : 2022-09-28
Commodities in China dropped as a surge in the dollar heaped pressure on markets already plagued by concerns over Chinese growth.
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Date : 2022-09-28
The Federal Reserve barreled ahead with a third straight outsize interest rate hike Wednesday in an effort to squash high inflation – but economists worry the campaign is increasingly risking a recession by next year.
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[OCEAN] “Container shipping market turns a corner … in lockstep?” - September 15, 2022
Date : 2022-09-22
Global container shipping turned a corner in the second quarter of 2022 according to the findings of the latest Quarterly Review of the market produced by MDS Transmodal and Global Shippers Forum (GSF).
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[LOGISTICS] Railroad strike averted after marathon talks reach tentative deal - September 15, 2022
Date : 2022-09-22
Unions and management reached a tentative deal early Thursday, averting a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many goods.
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[AIR] IATA WCS: strengthening air cargo’s post-pandemic prospects - 15 / 09 / 2022
Date : 2022-09-22
The 15th IATA World Cargo Symposium (WCS) taking place in London from 27 – 29 September 2022 will focus on building resilience to further strengthen air cargo’s post-pandemic prospects.