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[OCEAN] Asia-US container rates tick lower; Canada port strike enters 7th day - 07-Jul-2023
Date : 2023-07-11
Rates for shipping containers from east Asia and China to the US continue to fall amid soft demand for goods, while a port strike in Canada’s British Columbia province entered its seventh day and could force some chemical producers to curb production...
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[OCEAN] Over 20 ships wait off Canada ports as dockworker strike drags on - July 8, 2023
Date : 2023-07-11
Vancouver and Prince Rupert — remained at a standstill Sunday as a strike by the port workers’ union passed the one-week mark. Ships are beginning to pile up at anchorages and rail operations serving the U.S. have effectively halted...
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[WORLD NEWS] European firms look for footing in China-U.S. spat, French execs say - July 10, 2023
Date : 2023-07-11
European firms are concerned they could get caught in the cross-fire of rising economic rivalry between the United States and China, with some officials at a French business conference also frustrated at Europe's slowness in crafting a response...
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[WORLD NEWS] Canada port strike may add to inflation concerns ahead of rate decision - July 7, 2023
Date : 2023-07-11
The Canadian dock workers strike is another factor for the Bank of Canada (BoC) to consider ahead of its policy announcement next week because the longer it drags on, the greater the risk of supply-chain disruptions that fuel inflation, economists sa...
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[WORLD NEWS] Turkey’s inflation rate cools despite steep lira plunge - JUL 5 2023
Date : 2023-07-11
Turkey’s monthly inflation rate for June came in lower than expected, despite the continued collapse of the lira currency following the re-election of President Recep Tayyip Erdogan...
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[WORLD NEWS] Britain is now the only major economy where inflation is still rising - JUL 4 2023
Date : 2023-07-11
The U.K. is the only country among the Group of Seven wealthy nations where inflation is still rising, according to data from the Organization for Economic Cooperation and Development...
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[WORLD NEWS] China inflation kicks off week with a bang - July 10, 2023
Date : 2023-07-11
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A clutch of key economic data releases showing whether China is starting to emerge from its post-lockdown funk, and monetary policy decisions - and more imp...
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[WORLD NEWS] Yellen Says Still Too Early to Rule Out Risk of US Recession - July 10, 2023
Date : 2023-07-11
Treasury Secretary Janet Yellen wouldn’t rule out the threat of a US recession, saying it’s “appropriate and normal” for growth to moderate and that inflation remains too high...
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[AIR] Flat air cargo market continuous through June - Jun 30, 2023
Date : 2023-07-11
Global air cargo tonnages in June show a continuation of the flat trend we have seen since the beginning of the month, while average rates remain on a slightly sliding trend, according to the latest weekly figures from WorldACD Market Data...
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[SUPPLY CHAIN] S&P Global : Supply chains almost back to normal - July 2, 2023
Date : 2023-07-11
Supply chains are almost back to normal, yet there are plenty of uncertainties in both the government policy and physical risk, heading into the second half of 2023, S&P Global Market Intelligence said...
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[OCEAN] Column: Global container freight stuck in doldrums - June 26, 2023
Date : 2023-07-11
Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound proved slower than expected and was offset by continued weakness in North America and Europe...
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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...