[AIR] Shanghai airfreight operations stable for now as Covid cases creep up

Date : 2022-07-29

[Shanghai airfreight operations stable for now as Covid cases creep up] - 14 / 07 / 2022 Covid is on the rise again in Shanghai but “there has been no impact on airfreight” so far and turnover at Shanghai Pudong Airport (PVG) has bounced back, ac...

[OCEAN] Long Beach container backlog crosses red line as delays mount

Date : 2022-07-29

[Long Beach container backlog crosses red line as delays mount] - July 11, 2022 The number of container ships waiting off Los Angeles and Long Beach is well off its highs, but the pileup of import containers waiting on Southern California termina...

[LOGISTICS] Over $31 billion in trade is rail-landlocked or stuck at anchor off U.S. coasts

Date : 2022-07-29

[Over $31 billion in trade is rail-landlocked or stuck at anchor off U.S. coasts] - JUL 15 2022 - $1.5 billion in trade is landlocked at the Ports of Long Beach and Los Angeles waiting for rail service. - Rail dwell in San Pedro Bay is over...

[GLOBAL ECONOMY] A broken global economy is jacking up prices around the world. Experts say we’ve seen this before: World War I

Date : 2022-07-29

[A broken global economy is jacking up prices around the world. Experts say we’ve seen this before: World War I] - July 16, 2022 The end of an era is sometimes obvious, but not always. Over 100 years ago, as the world took up arms in what was ...

[GLOBAL ECONOMY] GLOBAL MARKETS-Asia tries to bounce, tense week ahead for EU

Date : 2022-07-29

[GLOBAL MARKETS-Asia tries to bounce, tense week ahead for EU] - July 18, 2022 Asian shares inched higher on Monday following a much-needed bounce on Wall Street, but nerves are stretched ahead of a near-certain rate hike in Europe and another ro...

[GLOBAL ECONOMY] Energy Markets Will Determine The Fate Of The Euro

Date : 2022-07-29

[Energy Markets Will Determine The Fate Of The Euro] - July 17, 2022 A few days ago, a rare event in the forex markets took place: for the first time in two decades, the euro achieved parity with the U.S. dollar. The euro's epic collapse has seen...

[GLOBAL ECONOMY] China Is Pariah for Global Investors as Xi’s Policies Backfire

Date : 2022-07-29

[China Is Pariah for Global Investors as Xi’s Policies Backfire] - 2022.07.18 After drawing foreign capital into China’s markets for years, President Xi Jinping is now facing the risk of a nasty period of financial de-globalization. Investors poi...

[GLOBAL ECONOMY] Anxiety Grows Among Americans as Crisis After Crisis Spirals Out of Control

Date : 2022-07-29

[Anxiety Grows Among Americans as Crisis After Crisis Spirals Out of Control] - July 15, 2022 For an American populace that has been hit with bad news after bad news, the inflation numbers reported this week were a particularly painful gut punch....

[LOGISTICS] Beginning of the end for carriers’ bull run

Date : 2022-07-13

[Beginning of the end for carriers’ bull run] - 05/07/2022 The container market has definitely turned, but don’t expect a swift normalisation, says Drewry’s latest Container Forecaster report. It certainly feels like we are at the beginning of t...

[AIR] Cooling transatlantic market sees average air cargo rates dip

Date : 2022-07-13

[Cooling transatlantic market sees average air cargo rates dip] - 05/07/2022 Global air cargo volumes fell again in June, down 8% year-on-year, with additional summer airline capacity continuing to apply a downward pressure on airfreight rates, e...

[OCEAN] Railroad bottleneck at nation’s busiest West Coast ports reaches inflection point

Date : 2022-07-13

[Railroad bottleneck at nation’s busiest West Coast ports reaches inflection point] - 11/07/2022 Rail congestion from Berkshire Hathaway subsidiary BNSF and Union Pacific, the railroads servicing the West Coast ports, is getting worse and slowing...

[OCEAN] Container lines just posted more record results

Date : 2022-07-13

[Container lines just posted more record results] - July 7, 2022 Early numbers for Q2 2022 point to ongoing bonanza for ocean carriers Container shipping stocks are down double digits since March, yet ocean carriers are still posting record or...

[OCEAN] Shipping’s Half Year Report: Overall Shipping Transportation Index Close To Record High

Date : 2022-07-13

[Shipping’s Half Year Report: Overall Shipping Transportation Index Close To Record High] - 07/07/2022 Clarksons Research have released their half year statistics on to Shipping Intelligence Network. Reviewing the data points (see below and click...

[GLOBAL & ECONOMY] Recession Angst Spurs Pivot to Emerging World’s Growth Engines

Date : 2022-07-13

[Recession Angst Spurs Pivot to Emerging World’s Growth Engines] - July 11, 2022 As panic over inflation gives way to fears about a global recession, emerging-market investors are making a pivot too -- they’re now favoring countries where intere...

[GLOBAL & ECONOMY] Death of 'Abenomics' father may give Japan scope to curb stimulus

Date : 2022-07-13

[Death of 'Abenomics' father may give Japan scope to curb stimulus] - July 10, 2022 The death of Shinzo Abe, namesake of Japan's "Abenomics" policy, makes any immediate challenge to his legacy highly unlikely but could eventually allow Prime Mini...

[GLOBAL & ECONOMY] Tentacles of Russian energy ‘octopus’ still pulling money from global economy to fund Kremlin’s war

Date : 2022-07-13

[Tentacles of Russian energy ‘octopus’ still pulling money from global economy to fund Kremlin’s war] - July 11, 2022 Every day, Russia receives $1 billion from energy exports, and in the 100 days since launching its full-scale invasion of Ukrain...

[GLOBAL & ECONOMY] South Korean firms concerned by China supply-chain disruptions, with 'chaos' to continue

Date : 2022-07-13

[South Korean firms concerned by China supply-chain disruptions, with 'chaos' to continue] - July 9, 2022 Top manufacturing firms in South Korea feel unprepared for another supply-chain crisis, with many predicting the environment to worsen durin...

[GLOBAL & ECONOMY] Here's why tapping the US oil reserve has led to America increasing crude exports - and why even more US energy supplies could be shipped overseas

Date : 2022-07-13

[Here's why tapping the US oil reserve has led to America increasing crude exports - and why even more US energy supplies could be shipped overseas] - July 9, 2022 Since President Joe Biden announced the release of oil from the Strategic Petroleu...

[LOGISTICS] Port Labor Talks Enter New, High-Stakes Phase With Contract Expiring

Date : 2022-07-08

[Port Labor Talks Enter New, High-Stakes Phase With Contract Expiring] - 03/07/2022 Labor talks between West Coast dockworkers, cargo-handling companies and container shipping lines are entering a new, high-stakes phase with the expiration of the...

[LOGISTICS] Shippers lobby Biden as dreaded West Coast port labor contract expiry looms

Date : 2022-07-08

[Shippers lobby Biden as dreaded West Coast port labor contract expiry looms] - JULY 2, 2022 More than 150 local, state and national trade associations implored U.S. President Joe Biden to push for a smooth and swift resolution to West Coast port...