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[LOGISTICS] Maersk Asia Pacific market update (July 2022) - 29 July 2022
Date : 2022-08-03
Customers are continuing to face a raft of challenges as the Russia-Ukraine conflict weighs on the longer-term outlook for the global economy amid concern that inflation and higher energy prices will lead to lower consumer demand, damaging internatio...
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Date : 2022-08-03
Surplus containers are piling up at warehouses as demand wears out, resulting in rising demurrage and detention charges, contributing substantially to the operational costs for shippers. These were a few inferences that were discussed during a recent...
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[GLOBAL & ECONOMY] Oil Plunges as China Slowdown Spurs Concern Over Demand Outlook - August 2, 2022
Date : 2022-08-03
Oil slumped as poor manufacturing figures across the globe fueled concerns that an economic slowdown may sap demand for crude.
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[GLOBAL & ECONOMY] World Factory Outlook Darkens With Weakening From Europe to Asia - August 1, 2022
Date : 2022-08-03
European factory activity plunged and Asian manufacturing output continued to weaken in July amid lingering supply-chain complications and a slowing global economy.
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[GLOBAL & ECONOMY] The Euro Feels the Pressure as Economy Tips Toward Recession - July 31, 2022
Date : 2022-08-03
The euro, already beaten down this year to the lowest in two decades, remains an unloved currency stuck under relentless pressure as its economy stumbles toward a recession.
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Date : 2022-08-03
India's factory activity expanded at its quickest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures, a private survey showed.
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[GLOBAL & ECONOMY] What if the markets are misreading the Fed - July 31, 2022
Date : 2022-08-03
Stocks surged after last week’s Federal Reserve meeting as some experts argued that the central bank effectively “pivoted” its tone from being uber hawkish about monetary policy to being a bit dovish.
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[OCEAN INDEX] Drewry’s composite World Container Index 28 Jul
Date : 2022-07-29
Drewry’s composite World Container Index decreased by 0.9% to $6,761.63 per 40ft container this week. Our detailed assessment for Thursday, 28 July 2022 The composite index decreased by 0.9% this week, the 22nd consecutive weekly decrease, and ha...
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[LOGISTICS] A critical shipping lane in Europe’s economic heart is drying up in the searing heat
Date : 2022-07-29
[A critical shipping lane in Europe’s economic heart is drying up in the searing heat] - JUL 20 2022 The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low in the searing heat the region has been experie...
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[OCEAN] A World Recession Could Slow Down Demand for Shipping
Date : 2022-07-29
[A World Recession Could Slow Down Demand for Shipping] - 19/07/2022 With inflationary pressures leading central banks around the world to increase rates, a global recession could very well be in the cards moving forward. In such a likelihood, de...
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[AIR] Rates predicted to stay high despite a muted air cargo peak season
Date : 2022-07-29
[Rates predicted to stay high despite a muted air cargo peak season] - 21 / 07 / 2022 Transportation rates are expected to stay above pre-pandemic levels for the foreseeable future despite the recent slowdown in demand. Seko Logistics chief gr...
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[LOGISTICS] Truck Protests Bring Port of Oakland Close to a Standstil
Date : 2022-07-29
[Truck Protests Bring Port of Oakland Close to a Standstill] - 21/07/2022 Truckers protesting a new California law that toughens the definition of nonemployee drivers shut down some operations at the Port of Oakland on Tuesday, adding new disrupt...
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[OCEAN] US containerized imports keep record pace in June, start strong in July
Date : 2022-07-29
[US containerized imports keep record pace in June, start strong in July] - July 19, 2022 Recession fears abound, yet America’s ports keep racking up historically high numbers. Last month was the country’s best June ever for containerized imports...
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[GLOBAL ECONOMY] Trade Deficit, Equity Outflows Signal More Losses for Korean Won
Date : 2022-07-29
[Trade Deficit, Equity Outflows Signal More Losses for Korean Won] - July 25, 2022 The won looks set to extend declines from its recent 13-year low as South Korea’s trade balance worsens and foreign investors pull money out of the nation’s stock ...
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[GLOBAL ECONOMY] The Future Is Bright For Artificial Intelligence In The Middle East
Date : 2022-07-29
[The Future Is Bright For Artificial Intelligence In The Middle East] - July 24, 2022 As part of ongoing efforts to diversify their economies and build a platform for sustainable future growth, MENA nations are increasingly turning towards artifi...
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[GLOBAL ECONOMY] The 150% Energy-Price Shock Waiting for the Next UK Leader
Date : 2022-07-29
[The 150% Energy-Price Shock Waiting for the Next UK Leader] - July 25, 2022 This is the first story in a six-part series on the political and economic landscape facing Britain's new prime minister. Every UK prime minister expects to face chal...
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[GLOBAL ECONOMY] China turns to durian diplomacy to boost ties with Southeast Asia
Date : 2022-07-29
[China turns to durian diplomacy to boost ties with Southeast Asia] - July 24, 2022 It is probably the most controversial fruit in the world, and haters often complain that it smells just like rotten onion or stinky eggs. However, the durian, ...
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[GLOBAL ECONOMY] The Fed is 'trying to walk the tightrope' to bring down inflation, strategist says
Date : 2022-07-29
[The Fed is 'trying to walk the tightrope' to bring down inflation, strategist says] - July 24, 2022 All eyes are on the Federal Reserve ahead of next week's FOMC meeting as record-breaking inflation persists and consumer sentiment hits new lows....
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[GLOBAL ECONOMY] Rail service from LA/Long Beach ports moving at speed of sloth
Date : 2022-07-29
[Viewpoint: Rail service from LA/Long Beach ports moving at speed of sloth] - July 15, 2022 The flow of trade is being derailed out of the ports of Los Angeles and Long Beach as $1.5 billion in trade is landlocked waiting for rail service. A comb...
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Date : 2022-07-29
[National railway strike APPROVED by locomotive union… all trains in America may HALT this coming Monday] - 07/15/2022 Some 57,000 rail workers across the United States are slated to walk off the job on July 18 in protest against low wages and po...