News Media
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LOGISTICS [Ultra-Competitive Freight Market Emerges for China’s Export] - February 3, 2023
Date : 2023-02-08
A parallel freight market is emerging for exports from China that undercuts the lowest container spot rates. Asia-North Europe ocean carriers are proactively quoting small- and medium-volume shippers ‘special’ FAK rates below $1,000 per 40ft from ...
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OCEAN [Go your own way] - 06/02/2023
Date : 2023-02-08
Maersk tells Drewry that its integrator strategy was incompatible with being part of an alliance. Compromise is an essential ingredient to any healthy relationship. But things change and individuals’ priorities shift over time. At the point when one...
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AIR [Westbound transatlantic air cargo demand up 6% in January] - Feb 3, 2023
Date : 2023-02-08
Despite high inflation and falling US retail sales, westbound air cargo volumes between Europe and North America rose 6% year-on-year in January but overall global air cargo demand continued to fall, down -8%, as an earlier Chinese New Year and econo...
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Date : 2023-02-08
Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the latest market analysis by Container News.
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Date : 2023-02-08
As China reopens after three long years of Zero-covid policy, early Lunar New Year and COVID infections kept the overall market bearish, but the January month’s global container trading and leasing data from Container xChange, an online container log...
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Date : 2023-02-08
Cracks are appearing in Wall Street’s bullish case for emerging markets as hurdles — from Adani Group’s $108 billion rout to the Federal Reserve’s rate-hiking plans — prompt a more selective approach to investment.
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GLOBAL & ECONOMY [Central Bankers Curb Their Enthusiasm for Rate Hikes] - February 5, 2023
Date : 2023-02-08
Waning global enthusiasm for aggressive interest-rate increases may dominate the dozen or so central-bank decisions due in the coming week.
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Date : 2023-02-08
Inflation in the euro zone dropped for a third consecutive month in January on the back of a significant fall in energy costs.
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Date : 2023-02-08
China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
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GLOBAL & ECONOMY [Economy Adds 517,000 Jobs in January, More Than Double Estimates] - Feb. 3, 2023
Date : 2023-02-08
Employers added a startling 517,000 jobs in January in the first sign of how the labor market might fare this year, with increases widespread across industries from leisure and hospitality to health care, the Labor Department reported on Friday.
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OCEAN [European Ports Brace for Slowdown as ‘Shopping Frenzy’ Ends] - January 24, 2023
Date : 2023-02-08
North Europe’s container hub ports are bracing themselves for the weak January import volumes from Asia to continue through the year.
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OCEAN [Predictions for the Marine Fuels Market in 2023] - January 26, 2023
Date : 2023-02-08
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fast-paced transition towards a more sustainable future.
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LOGISTICS [Markets are bad, but they could be worse] - January 27, 2023
Date : 2023-02-08
Volumes are looking impressive on a weekly basis, helped by favorable comps over a slight depression during last week’s federal holiday. Yearly comparisons are equally unhelpful, though for the opposite reason: In 2022, shippers were unusually active...
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AIR [Early Chinese New Year impacts global air cargo demand] - Jan 27, 2023
Date : 2023-02-08
This year’s early Lunar New Year has interrupted air cargo’s normal January recovery, with falling tonnages to and from China and Hong Kong pulling down overall worldwide volumes into a mid-month deficit.
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Date : 2023-02-08
The container shipping market could be set to see a price war after Maersk and Mediterranean Shipping Company — the two largest lines in the world by active fleet capacity — announced an end to their 2M alliance, a vessel-sharing agreement signed in ...
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Date : 2023-02-08
World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer an economic soft landing and reduce its pace of aggressive monetary tightening next week.
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GLOBAL & ECONOMY [Charting the Global Economy: Central Banks Hold as Prices Cool] - January 28, 2023
Date : 2023-02-08
More central banks around the world are pausing their tightening campaigns as inflation shows signs of cooling and economies slow down.
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Date : 2023-02-08
European Central Bank President Christine Lagarde has repeatedly used the phrase “staying the course” when referring to upcoming rate decisions, but some market watchers doubt the bank will keep its hawkish stance for much longer.
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GLOBAL & ECONOMY [China to boost economic rebound, stabilize foreign trade, investment] - 2023-01-29
Date : 2023-02-08
China will consolidate and expand the momentum of economic rebound, accelerate consumption recovery and stabilize foreign trade and investment, according to the decisions made at the State Council executive meeting chaired by Premier Li Keqiang on Sa...
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Date : 2023-02-08
The US economy beat expectations in the last quarter of 2022, posting the kind of mild slowdown that the Federal Reserve wants to see as it attempts to tame inflation without choking off growth.