News Media
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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...
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[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...
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[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...
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[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...
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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...
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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...
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[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 ...
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[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...
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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...