News Media
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[EUSU MONTHLY NEWS] 2023' APRIL MONTHLY LOGISTICS & NEWS
Date : 2023-04-12
Please refer to the latest logistics trends and global economic news😊
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[LOGISTICS] Could future supply chain crisis hit diesel shipping, not containers? - March 16, 2023
Date : 2023-04-12
Global trade in diesel and other refined petroleum products is evolving exactly as predicted. European Union and G-7 sanctions targeting Russian exports are forcing product tankers to sail longer voyages and sucking more ships into the “shadow fleet,...
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[LOGISTICS] Trade growth to slow to 1.7% in 2023 following 2.7% expansion in 2022 - 5 APRIL 2023
Date : 2023-04-12
Global trade growth in 2023 is still expected to be subpar despite a slight upgrade to GDP projections since last fall, WTO economists said in a new forecast on 5 April. Weighed down by the effects of the war in Ukraine, stubbornly high inflation, ti...
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Date : 2023-04-12
Longer-term contracts between shippers and freight forwarders may signal ‘more common ground’ in a stabilising global air cargo market which saw demand dip at a slower -3% year-over-year in March, according to the latest weekly market insight from in...
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[OCEAN] PMA Says ‘Coordinated Action’ By ILWU Shut Los Angeles, Long Beach Ports - April 7, 2023
Date : 2023-04-12
A shortage of West Coast port workers has forced the busiest U.S. ocean trade gateway to largely shut on Friday, after months of strained labor negotiations between the union dock workers and their employers.
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[OCEAN] Mild uptick in SCFI in six months - April 4, 2023
Date : 2023-04-12
Market sentiment turned positive for the first time since September 2022, as the Shanghai Containerized Freight Index (SCFI) recovered mildly in the week ended 2 April, according to Linerlytica's latest report.
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Date : 2023-04-12
International Monetary Fund Managing Director Kristalina Georgieva said Thursday that global growth will expand less than 3% this year, ahead of the IMF/World Bank meetings next week.
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Date : 2023-04-12
Japan’s business sentiment soured in January-March to hit the worst level in more than two years, a closely-watched central bank survey showed on Monday, as slowing global growth clouds the outlook for the export-reliant economy.
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Date : 2023-04-12
Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists and policymakers say.
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Date : 2023-04-12
China plans to launch a fresh series of incentives to help exporters secure overseas orders and tap growth in developing markets as economic signals point to greater challenges ahead.
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Date : 2023-04-12
A shortage of West Coast port workers has forced the busiest U.S. ocean trade gateway to largely shut on Friday, after months of strained labor negotiations between the union dock workers and their employers.
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Date : 2023-03-24
Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly. Take the cost of shipping containers. Spot rates from Asia to the US West Coas...
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[LOGISTICS] ILWU and PMA Give Update on West Coast Port Negotiations - February 23, 2023
Date : 2023-03-24
The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) are providing an update on negotiations for a new contract for West Coast dockworkers. The update said that the two sides continue to negotiate and t...
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[AIR] European airlines will fare better than anticipated after Ukraine invasion - Feb 27, 2023
Date : 2023-03-24
A year on from the invasion of Ukraine – large European airlines such as BA and AerLingus (part of IAG) are not going to suffer as badly as once feared, says Bloomberg Intelligence. The price of jet fuel falling 43% from a June peak is a relief, whil...
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Date : 2023-03-24
Sea-Intelligence analysis shows that during the pandemic period, a mix of high demand and loss of capacity due to vessel congestion resulted in record vessel usage rates, which in turn resulted in a rise in spot rates, both of which peaked in Februar...
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Date : 2023-03-24
West Coast dockworkers and ports are continuing to negotiate on a new contract, Asia-US rates for shipping containers were steady to lower, and inland truck spot and contract rates continue to edge lower, highlighting this week’s logistics update. ...
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[GLOBAL & ECONOMY] How the Russia-Ukraine war has changed Japan’s economic outlook - Feb 27, 2023
Date : 2023-03-24
One year after Russia invaded Ukraine, inflationary pressure continues to haunt countries such as Japan that are heavily reliant on imported goods. Not long after Russian troops marched across the border toward Kyiv, developed nations rolled out a...
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Date : 2023-03-24
As many countries across the globe battle stubbornly high inflation, the rise in prices has been far less dramatic in Switzerland, a small mountainous nation in western Europe. Inflation in Switzerland hit a 29-year high of 3.5% in 2022. While sti...
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Date : 2023-03-24
Chinese companies, particularly those in the fields of electric vehicles (EVs) and consumer products, will increase mergers and acquisitions (M&As) activity in 2023 to boost scale and enhance profitability following the reopening of China’s economy, ...
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Date : 2023-03-24
In yet another sign the battle against inflation is not going to be easy, the Federal Reserve’s preferred inflation measure showed prices rose 0.6% in January as the monthly and yearly increase came in higher than expectations, according to the Burea...