News Media
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Date : 2023-06-20
The Drewry World Container Index took its largest ever weekly dive of 5.3% to end at US$1,592, its lowest in 36 months, as transpacific rates returned to lead the weekly dip. Despite the signaling looms of congestion in the US West Coast owing to ...
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[LOGISTICS] Borderlands: Exports of Mexican-built cargo trucks up 34% in May_June 18, 2023
Date : 2023-06-20
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Exports of Mexican-built cargo trucks up 34% in May; a California commercial border crossing project receives $140 millio...
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[OCEAN] WORLD BANK_THE CONTAINER PORT PERFORMANCE INDEX 2022
Date : 2023-06-20
The purpose of the CPPI is to help identify opportunities to improve a terminal or a port that will ultimately benefit all public and private stakeholders. The CPPI is intended to serve as a benchmark for important stakeholders in the global economy,...
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[OCEAN] Cai Mep International Terminal marks new productivity record_June 15, 2023
Date : 2023-06-20
Vietnam's Cai Mep International Terminal (CMIT) handled nearly 7,000 TEUs of import, export, transshipment and empty containers, setting a new productivity record of 233 containers/hour, with Maersk Emden in the TP6/Pearl service of the 2M Alliance, ...
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[LOGISTICS] Cyclone shutters already congested ports on India's busy west coast_12/06/2023
Date : 2023-06-20
All Indian ports along the coastline of Gujarat have halted operations until further notice in the wake of Cyclone Biparjoy heading towards the country’s north-west corridor. The affected ports are some of the country’s leading container handlers,...
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[GLOBAL & ECONOMY] ‘Decade of Emerging Markets’ May Be About to Regain Traction_June 11 2023
Date : 2023-06-14
Emerging-market bulls are still upbeat on the asset class, even after China’s highly-touted reopening rally fizzled and proved Wall Street’s early 2023 optimism to be misplaced.
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Date : 2023-06-14
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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[GLOBAL & ECONOMY] Euro zone enters recession after Germany, Ireland growth revision_THU, JUN 8 2023
Date : 2023-06-14
The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the coming months. The 20-member bloc reported gross domestic product of -0.1% for the first quarter, according to revised estimates from th...
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Date : 2023-06-14
China can’t easily rely on its neighbors as export markets in a global slowdown, the latest trade data show. Exports to the Association of Southeast Asia Nations have been growing. The 10-member bloc surpassed the European Union during the pandemi...
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Date : 2023-06-14
America’s economic troubles are “going to get worse” thanks to a debt crisis and looming balance sheet recession, legendary investor Ray Dalio said Wednesday. Speaking at the Bloomberg Invest conference in New York, Dalio—who in 1975 founded Bridg...
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Date : 2023-06-14
The downward trend in air global cargo tonnages has continued into early June, with average rates also continuing the year-long pattern of slow year-on-year (YoY) decline, according to the latest weekly figures from WorldACD Market Data......
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Date : 2023-06-14
Tension is mounting in the global air cargo market heading into the weaker summer months with general airfreight rates falling in May to their lowest level since March 2020 as restless airlines and freight forwarders went in search of volumes, indica...
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[OCEAN] Smoke Closes Container Terminals at U.S. East Coast’s Busiest Port
Date : 2023-06-14
Container terminals at the Port of New York and New Jersey closed early Wednesday as thick smoke from Canadian wildfires engulfed the region.....
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[OCEAN] The Fed's Inflation Fight Faces a New Challenge: A Dry Panama Canal
Date : 2023-06-14
Federal Reserve Chair Jerome Powell keeps careful track of employment levels, wages, consumer prices and numerous other metrics to see where the US inflation rate may be headed in the next year........
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[OCEAN] Drought-Stricken Panama Canal Prepares for El Niño Impacts_June 6, 2023
Date : 2023-06-14
The Panama Canal Authority (ACP) is closely monitoring the development of climatic events that could impact water availability in the region and shipping through the critical waterway......
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[OCEAN] West Coast dockworkers making $200K demand higher pay_Wednesday, June 07, 2023
Date : 2023-06-14
Union fight for pay raise now starting to affect ship operations
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Date : 2023-04-19
Preliminary figures for March indicate that global air cargo demand and pricing may start to stabilize, with average rates holding firm at around 50% above pre-Covid levels and year-on-year (YoY) tonnages down just -8% in March – compared with double...
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Date : 2023-04-19
Major ports across China have reported a drop of empty containers, which industry insiders said is a sign of an export recovery as Chinese products gain a resilient and strong foothold in the world market despite lingering global inflation.
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[OCEAN] LA-LB outlook darkens as labor unrest briefly shutters ports - April 09, 2023
Date : 2023-04-19
The Port of Los Angeles’ sales pitch to importers in recent months has been: We have plenty of capacity now. No more ship queues. The port labor contract expired July 1, 2022, but there has been no major disruption to imports during negotiations on t...
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[OCEAN] U.S. container imports continue to follow 2019 volumes.
Date : 2023-04-19
March 2023 U.S. container import volumes increased 6.9% from February 2023 to 1,853,705 TEUs (see Figure 1). Versus March 2022, TEU volume was down 27.5%, but up 4.2% from pre-pandemic March 2019. Two points to consider with the March numbers: 1) Mar...