[AIR] New EU airfreight requirements from March 2023

Date : 2022-07-08

[New EU airfreight requirements from March 2023] - Jun 30, 2022 From 1 March 2023, all freight forwarders, air carriers, express couriers, and postal operators transporting goods to or through the European Union (including Norway and Switzerland)...

[OCEAN] California ports piling up again: Too many containers sitting too long

Date : 2022-07-08

[California ports piling up again: Too many containers sitting too long] - July 3, 2022 At the height of last year’s “will Christmas be canceled?” supply chain freak-out, the ports of Los Angeles and Long Beach — with the Biden administration’s b...

[OCEAN] Containers: Market Questions Peak Season Scale As Consumer Sentiment Drops

Date : 2022-07-08

[Containers: Market Questions Peak Season Scale As Consumer Sentiment Drops] - 04/07/2022 Container freight market participants are looking with unease toward peak import season and beyond as booking inquiries for US imports remain under pressure...

[GLOBAL & ECONOMY] Charting the Global Economy: Factories Slow Down From US to Asia

Date : 2022-07-08

[Charting the Global Economy: Factories Slow Down From US to Asia] - July 2, 2022 Manufacturing from the US to Asia is very much in a slowdown as factories continue to struggle with supply snarls, labor shortages and elevated materials costs. ...

[GLOBAL & ECONOMY] Has Indonesia shaken its 'fragile' status among emerging markets?

Date : 2022-07-08

[Has Indonesia shaken its 'fragile' status among emerging markets?] - July 4, 2022 A decade ago Indonesia earned the unwelcome label of being among the so-called "Fragile Five" emerging markets, economies highly vulnerable to capital outflows and...

[GLOBAL & ECONOMY]Foreign Investors Drained $40 Billion From Emerging Asia Last Quarter, and It Could Get Worse

Date : 2022-07-08

[Foreign Investors Drained $40 Billion From Emerging Asia Last Quarter, and It Could Get Worse] - July 4, 2022 Some of Asia’s biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process...

[GLOBAL & ECONOMY] World Energy Crisis Would Be Worse Without China’s Rainy Season

Date : 2022-07-08

[World Energy Crisis Would Be Worse Without China’s Rainy Season] - July 4, 2022 As bad as the world’s energy crisis has been this year, it would been much worse without a wetter-than-usual start to China’s rainy season. While heavy downpours ...

[GLOBAL & ECONOMY] Long, Moderate and Painful: What Next US Recession May Look Like

Date : 2022-07-08

[Long, Moderate and Painful: What Next US Recession May Look Like] - July 3, 2022 Recessions, like unhappy families, are each painful in their own way. And the next one -- which economists see as increasingly possible by the end of next year -...

[LOGISTICS] Analysis: S.Korea truckers' win no harbinger of labour market peace

Date : 2022-06-21

[Analysis: S.Korea truckers' win no harbinger of labour market peace] - June 15, 2022 SEOUL, June 15 (Reuters) - South Korea's unionised truckers drove a strong bargain with their largely peaceful strike action proving effective without antagonis...

[LOGISTICS] Shipping Markets’ Volatility Even More Pronounced in 2022

Date : 2022-06-21

[Shipping Markets’ Volatility Even More Pronounced in 2022] - 17/06/2022 The shipping markets have had to navigate even more turbulent waters so far in 2022, than in the past couple of years, of COVID and supply chain disruptions. In its latest w...

[AIR] Asia-Europe capacity is “volatile”against growing demand

Date : 2022-06-21

[Asia-Europe capacity is “volatile”against growing demand] - 16 / 06 / 2022 Demand continues to be strong out of China, but capacity between Asia and Europe is “volatile” and increasingly limited. This was according to Flexport’s Freight Marke...

[OCEAN] West Coast Ports Strike Unlikely Even If No Labor Deal By July Deadlin

Date : 2022-06-21

[West Coast Ports Strike Unlikely Even If No Labor Deal By July Deadline] - June 14, 2022 Employers and the union representing more than 22,000 dockworkers at 30 US ports on the West Coast are unlikely to reach a wage deal by the time the current...

[OCEAN] Congestion at Shanghai remains normal, even as much of the city reimposes lockdown

Date : 2022-06-21

[Congestion at Shanghai remains normal, even as much of the city reimposes lockdown] - 18/06/2022 Shanghai only re emerged last week from two months of lockdown, following a rise in Omicron cases in early April. Average waiting times for Tankers,...

[GLOBAL & ECONOMY] Putin’s stagflation revenge: Everyone said his war would destroy Russia’s economy but he’s killing America’s too

Date : 2022-06-21

[Putin’s stagflation revenge: Everyone said his war would destroy Russia’s economy but he’s killing America’s too] - June 18, 2022 Between a tanking stock market, soaring inflation, and mounting recession fears, Americans are turning on the econo...

[GLOBAL & ECONOMY] GLOBAL MARKETS-Asia shares turn lower, no dodging recession risks

Date : 2022-06-21

[GLOBAL MARKETS-Asia shares turn lower, no dodging recession risks - June 20, 2022 SYDNEY, June 20 (Reuters) - Asian shares were unable to sustain a rare rally on Monday as Wall Street futures shed early gains amid worries the U.S. Federal Reserv...

[GLOBAL & ECONOMY] Euro edges higher with focus on ECB, dollar retreats

Date : 2022-06-21

[Euro edges higher with focus on ECB, dollar retreats] - June 20, 2022 The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France f...

[GLOBAL & ECONOMY] UK Is Closing In on Inflation Rate With Double Digits: Eco Week

Date : 2022-06-21

[UK Is Closing In on Inflation Rate With Double Digits: Eco Week] - June 19, 2022 UK inflation probably reached a new four-decade high above 9% in May, underscoring the challenge for the Bank of England as it threatens faster interest-rate increa...

[GLOBAL & ECONOMY] Nearly All of Wall Street – and the Fed – Botched Calls for 2022

Date : 2022-06-21

[Nearly All of Wall Street – and the Fed – Botched Calls for 2022] - June 19, 2022 So far 2022 has been a year where just about everyone on Wall Street got it wrong. As did the Fed and a cadre of global central banks. Back in December, strateg...

[OCEAN INDEX] Drewry: 16 June 2022_World Container Index Down By 1% This Week, Only 8% Higher Than Same Week Last Year

Date : 2022-06-21

Drewry’s composite World Container Index decreased by 1% to $7,502.43 per 40ft container this week. Our detailed assessment for Thursday, 16 June 2022 • The composite index decreased by 1% this week, but, remains 8% higher than a year ago. • The a...

[LOGISTICS] Striking South Korean truckers target chips, put brakes on port activity

Date : 2022-06-16

[Striking South Korean truckers target chips, put brakes on port activity] - June 10, 2022 ULSAN, South Korea, June 10 (Reuters) - Defiant South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to sever...