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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...
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Date : 2023-06-20
Japan’s economy grew an annualized 2.7% in the first quarter of the year, expanding further than earlier estimates of 1.6% made last month, government data showed Thursday. Economists surveyed by Reuters had expected to see growth of 1.9%. The Jap...
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[WORLD NEWS] Europe Faces an Inflation-Regime Reckoning Over Climate Goals_June 17, 2023
Date : 2023-06-20
The transition to a lower-carbon economy may fuel inflation — but raising interest rates in response to that could hinder investment in cleaner energy. So monetary policy and efforts to save the planet risk working against each other, casting a shado...
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[WORLD NEWS] China’s economy is on course for a 'double dip'_June 19, 2023
Date : 2023-06-20
China prides itself on firm, “unswerving” leadership and stable economic growth. That should make its fortunes easy to predict. But in recent months, the world’s second-biggest economy has been full of surprises, wrong-footing seasoned China-watchers...
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[WORLD NEWS] Goldman Says Markets Too Optimistic on Pace of US Inflation Drop_June 17, 2023
Date : 2023-06-20
Investors could be assuming that a sharp deceleration in growth will lead to a more rapid easing of price pressures, and tending to be more bearish on energy prices than what is implied by commodities futures, strategists led by Praveen Korapaty wrot...
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Date : 2023-06-20
West Coast port management and the labor union representing port workers reached a tentative deal late on Wednesday after the intervention of California labor market pro and Biden acting Labor Secretary Julie Su in the negotiations in San Francisco, ...
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[OCEAN] Summer Just Started, But the Rhine River is Already Starting to Dry Up_June 16, 2023
Date : 2023-06-20
The German summer may officially be just two weeks old but the Rhine river — a vital artery for the country and other parts of inland Europe — is already seeing water levels low enough to restrict trade. The measured water-level at Kaub, a key cho...
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[OCEAN] China's port throughput boosted by foreign trade growth_2023-06-18
Date : 2023-06-20
Amid the heat of a summer morning, Huang Zhiyi, a 34-year-old container crane operator, hopped on an elevator to reach his workstation 50 meters above the ground and started the day of "heavy lifting". All around him, the usual bustling scene was in ...
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[OCEAN] Asia-US container rates pull back; USWC ports, dockworkers agree to new deal_16-Jun-2023
Date : 2023-06-20
Shipping container rates from east Asia and China to the US pulled back after surging last week, West Coast ports and dockworkers reached agreement on a new six-year deal, and trucking analysts said the spot market likely bottomed out in April, highl...