[LOGISTICS] Port of Long Beach ‘Optimistic’ About Regaining Market Share - February 13, 2023

Date : 2023-03-24

There’s no doubt about it… The Port of Long Beach is seeing reduced cargo. Softened consumer spending, increased prices driven by inflation and a shift in trade routes to West and East Coast ports contributed to a dip in cargo moving through the P...

[LOGISTICS] HMM Orders Nine Methanol-Powered Containerships for $1.2 Billion - February 14, 2023

Date : 2023-03-24

South Korean shipping line HMM has placed a $1.2 billion order for nine 9,000 TEU capacity dual-fuel containerships powered by methanol. The shipbuilding contracts were signed with Hyundai Samho Heaving Industries and HJ Shipbuilding and Construct...

[AIR] German airport strikes have “massive consequences” for cargo operations - 17 / 02 / 2023

Date : 2023-03-24

Strikes taking place today at many of Germany’s airports will have “massive consequences” for air cargo and lead to “significant challenges” for humanitarian aid flights, according to the Barig airline association. Public sector workers and ground...

[OCEAN] Danish analysts see “price war” behind carriers reaction to recent container demand collapse - February 15, 2023

Date : 2023-03-24

Danish maritime data analysis company noted the different approaches of container shipping lines to the demand decrease at the beginning of 2020 caused by the Covid-19 pandemic outbreak and in the recent container demand collapse, which started in Se...

[OCEAN] Asia Container Trade: China container trade market struggles with slow market pickup - 20/02/2023

Date : 2023-03-24

The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to spot rates. This trend is evident in different regions, such as China and Southeast Asia...

[GLOBAL & ECONOMY] Beijing Wants to Meet EU Leaders as US Ties Fray - February 19, 2023

Date : 2023-03-24

China and the European Union should prepare for a meeting of their leaders, Beijing’s top foreign policy official said, a sign of the Asian nation’s efforts to court Europe amid worsening ties with the US. In a meeting on the sidelines of the Munich ...

[GLOBAL & ECONOMY] Early BOJ Shift Would Risk Return to Deflation, Ex-Deputy Warns - 19, FEB 2023

Date : 2023-03-24

The Bank of Japan tweaking its yield curve control before achieving its price goal would risk pushing the world’s third-largest economy back into deflation, former Deputy Governor Kikuo Iwata said, warning the central bank’s incoming leadership again...

[GLOBAL & ECONOMY] Europe is looking to tackle sky-high debt loads after signs it will dodge a recession - FEB 13 2023

Date : 2023-03-24

European officials sighed with relief Monday after new data suggested the region will avoid an economic recession. But all eyes are now turning to what the bloc will do with sizeable government debt piles in the EU amid tentative signs of an econo...

[GLOBAL & ECONOMY] China’s economic recovery is off to a slow start - FEB 14 2023

Date : 2023-03-24

Migrant workers have mostly returned to work after China’s biggest holiday of the year, and children went back to school this week. But preliminary data indicate overall growth isn’t roaring back on all cylinders yet, despite mainland China ending...

[GLOBAL & ECONOMY] Like the Weather, the Economy Started 2023 Warmer Than Expected - Feb. 17, 2023

Date : 2023-03-24

Welcome to the “no landing” economy. Just as Americans had gotten used to the idea that perhaps the economy would escape a recession in 2023 and glide to the proverbial “soft landing” of slowing inflation and slow growth, economists are now embrac...

[LOGISTICS] Major container lines boost schedule reliability, MSC and Maersk top rankings - February 7, 2023

Date : 2023-03-24

Maritime data analysis company Sea-Intelligence said in its last report that the schedule reliability figures increased during the second quarter of 2022. "The rapid increase in schedule reliability that we have been seeing in the second half of t...

[LOGISTICS] Shore Thing - 2023 Global Trade Themes

Date : 2023-03-24

Boom time demand and supply chain inflation will both reverse in 2023, dragging on the volume and value of global trade. S&P Global Market Intelligence's global trade forecasts, shown in Figure 1, find that a downturn in the automotive and consumer g...

[AIR] Air cargo outlook: challenging market ahead - 06 / 02 / 2023

Date : 2023-03-24

It’s been an interesting period for the air cargo industry as volumes have been trending downwards since the first half of last year, while the capacity situation continues to change and rates remain above pre-Covid levels despite recent declines. ...

[OCEAN] U.S. Container Imports Dip Below Pre-Pandemic Levels in January - February 8, 2023

Date : 2023-03-24

U.S. container imports dipped below pre-pandemic levels in January, but a rebound in Chinese imports and consecutive monthly gains points to a stronger than anticipated economic activity, according to Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG)....

[OCEAN] Lag effect: Why liner profits stay high much longer than spot rates - February 05, 2023

Date : 2023-03-24

Spot container shipping rates in many trades have already collapsed back to pre-COVID levels. But container liner earnings are still nowhere near where they were pre-pandemic. Ocean carriers are still earning billions more per quarter than they used ...

[GLOBAL & ECONOMY] Saudi Arabia And Russia Face Off Over Chinese Oil Market Share - Feb 11, 2023

Date : 2023-03-24

China’s oil demand is rising with the reopening from Covid restrictions after nearly three years. The initial demand trend suggests a reopening in fits and starts, but analysts say that it will be China that will account for half of this year’s globa...

[GLOBAL & ECONOMY] Global Bond Investors' Biggest Fear on Japan Cash Is Slowly Coming True - 13, FEB 2023

Date : 2023-03-24

Now that traders have an idea who’s likely to take the Bank of Japan hot seat, the focus will sharpen on the biggest worry of global bond investors — a wave of Japanese cash flowing out of international markets toward rising yields at home.

[GLOBAL & ECONOMY] Quake Latest: Turkey’s Economic Toll Could Reach $84 Billion - 12, FEB 2023

Date : 2023-03-24

Turkey has widened its probe into contractors after the collapse of buildings in two massive earthquakes, as search and rescue efforts near the one-week mark.

[GLOBAL & ECONOMY] China GDP: IMF urges ‘comprehensive reforms’ to bring economy back in line with growth potential - 10 Feb, 2023

Date : 2023-03-24

China’s potential growth has already dropped to a level that would severely affect its development vision of doubling gross domestic product (GDP) and becoming a moderately prosperous nation by 2035, unless it makes substantial reforms in inefficient...

[GLOBAL & ECONOMY] Consumer Sentiment Improves Modestly In February-Feb. 10, 2023

Date : 2023-03-24

Consumer sentiment ticked up modestly in February, even as Americans grew a little less optimistic about future conditions, according to the monthly survey from the University of Michigan released on Friday.