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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.
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[OCEAN] August U.S. Container Import Volume Ends Record Trend, but Still High
Date : 2022-09-22
The monthly record-setting streak that U.S. container import volumes have been posting since mid-2020 came to an end this August. While the August number was down slightly compared with the same month in 2021, it remained above 2.5M TEUs, which is st...
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[OCEAN] HEAD-HAUL AND REGIONAL CONTAINER TRADE VOLUMES FALL 1.5% M/M IN JULY - 15 September 2022
Date : 2022-09-22
In July, the combined head-haul and regional trade volumes fell 1.5% m/m but were up 1.5% y/y. While this initially seems to be a relative improvement in volumes, compared to first half results, the figure appears in a different light when historical...
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[GLOBAL & ECONOMY] Dollar’s Rise Spells Trouble for Global Economies - 18 Sep 2022
Date : 2022-09-22
The U.S. dollar is experiencing a once-in-a-generation rally, a surge that threatens to exacerbate a slowdown in growth and amplify inflation headaches for global central banks.
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[GLOBAL & ECONOMY] Pound Marks ‘Black Wednesday’ With Drop to Lowest Since 1985 - September 17, 2022
Date : 2022-09-22
The pound’s tumble this year has taken another leg down, with the currency marking the 30th anniversary of “Black Wednesday” with a drop through $1.14 for the first time since 1985.
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Date : 2022-09-22
Goldman Sachs Group Inc., Citigroup Inc. and MUFG Bank Ltd. are among banks that are bullish on the currency, underpinned by an expectation that the Monetary Authority of Singapore will extend policy tightening at its October meeting to help rein in ...
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Date : 2022-09-22
The People’s Bank of China fixed the yuan at 6.9396 per dollar, 647 pips stronger than the average estimate in a Bloomberg survey of analysts and traders, the widest difference on record since Bloomberg started the survey in 2018. The onshore yuan dr...
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Date : 2022-09-22
U.S. inflation has slightly eased for the second month in a row, reaching 8.3% in August. This is the lowest figure in four months, preceded by a 40-year high of 9.1% earlier this year.
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[LOGISTICS] UK Supply Chain Under Strain - September 7, 2022
Date : 2022-09-16
With the conclusion of the 8 day Felixstowe port strike on the evening of Sunday 28th August, and no agreement between the Port Operator Hutchinson Ports and their Felixstowe employees being made, we saw congestion at the port drastically increase. U...