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Date : 2023-07-11
Rates for shipping containers from east Asia and China to the US plunged while spot trucking rates fell again as consumer demand for goods remains weak, and Canadian dock workers voted to strike beginning 1 July, highlighting this week’s logistic rou...
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[OCEAN] Global container shipping outlook: pressure mounts amid flood of new capacity - 28 June 2023
Date : 2023-07-11
The tide is turning for container shipping. The market is bracing for a massive inflow of new capacity amid slowing demand and resolved congestion. This makes capacity discipline paramount for container liners, but that won’t be easy with increasing ...
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Date : 2023-07-11
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management.
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[WORLD NEWS] Green logistics remains challenging for Việt Nam - July 01, 2023
Date : 2023-07-11
Though green logistics is currently a global trend and will become a requirement of the international food industry supply chain, Việt Nam currently faces many challenges to meet the standard, experts said...
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Date : 2023-07-11
Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop more interest rate hikes that will raise the cost of borrowing across the economy...
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Date : 2023-07-11
China has hailed the role of artificial general intelligence in transforming the country’s industries and refuelling its economy, despite growing overseas calls for international collaboration on regulation...
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Date : 2023-07-11
After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country’s West Coast ports starting on July 1. The Canadian Labor Code requires three days’ notice to announce a strike...
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[OCEAN] Thousands Of Port Workers In Canada’s British Columbia Go On Strike - July 1, 2023
Date : 2023-07-11
Several thousand unionized port workers in Canada’s western province of British Columbia went on strike after failing to reach a deal to renew an industry-wide contract that expired in March, a waterfront employers group said on Saturday...
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[GLOBAL & ECONOMY] [Global trade growth returns but outlook for 2023 is poor] - 21 June 2023
Date : 2023-06-26
During the first quarter of 2023, trade growth was positive for both goods and services, according to UNCTAD’s latest Global Trade Update published on 21 June. After the downturn in the second half of 2022, world merchandise trade rebounded in both v...
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[OCEAN] [Container shipping divide: Cargo rates weaken, ship rents ‘robust’] - June 20, 2023
Date : 2023-06-26
Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government stimulus, not a permanent change in fundamentals. But no one knew how container shipping markets would play out after the boom.
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[AIR] [Year-on-Year airfreight tonnage decline eases to -4%] - Jun 23, 2023
Date : 2023-06-26
The gap between global air cargo tonnages this year and the equivalent period in 2022 has narrowed to just -4% in the first two full weeks of June, down from -6% at the end of May, -10% in April, and -11% in the first quarter, while average rates in ...
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[OCEAN] [When not all freight rates have “normalised”] - 20/06/2023
Date : 2023-06-26
The transpacific and Asia-Europe spot markets in container shipping have returned to December 2019, pre-pandemic levels, but other segments and contract markets have not.
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[OCEAN] [Drewry’s WCI plunges as spot rates see another strong weekly dip] - June 22, 2023
Date : 2023-06-26
The Drewry World Container Index (WCI) has lost about 600 points since the New Year 2023, despite a neutral outlook on rates at the start of the year, as a weekly dip of 3.5% this week, saw the index plummet to US$1,535.75, a figure last seen by the ...
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[GLOBAL & ECONOMY] [BIS warns world economy at critical juncture in inflation fight] - June 25, 2023
Date : 2023-06-26
The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.
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Date : 2023-06-26
Central bankers across the globe are delivering a message: Slow and steady won’t win the race against inflation.
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Date : 2023-06-26
Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday.
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[GLOBAL & ECONOMY] [Gloom Grips China Markets Again as Stimulus Trade Fizzles Out] - June 26, 2023
Date : 2023-06-26
The Hang Seng China Enterprises Index of Hong Kong-listed Chinese companies slumped more than 6% last week to cap its steepest drop since March. The CSI 300 Index of mainland shares fell 2.5% through Wednesday before markets closed for holidays. The ...
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Date : 2023-06-26
China's economy is floundering – and that could be bad news for Wall Street.
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[WORLD NEWS] 50 Largest Economies in the World in 2023_June 19, 2023
Date : 2023-06-20
In this article, we look at the 50 largest economies in the world in 2023. To skip our detailed analysis, head directly to the 10 Largest Economies in the World in 2023. Gross Domestic Product (GDP) is the market value of all finished goods and se...