News Media
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LOGISTICS [Rough start to 2023 for dry bulk, tanker, gas, container shipping] - January 23, 2023
Date : 2023-02-08
BDI dry bulk shipping index sinks to lowest point since June 2020 “Spot rates are off to a slower start in 2023 across most shipping segments,” conceded Jefferies analyst Omar Nokta in his new quarterly outlook. “The ingredients are in place, howeve...
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LOGISTICS [Polycrisis to disrupt commodity supply and demand] - 21/01/2023
Date : 2023-02-08
A“polycrisis” of interrelated environmental, geopolitical and socioeconomic risks could have a profound effect on the supply of and demand for natural resources over the next ten years, according to a global risks report.
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LOGISTICS [Union Pacific Profit Disappoints After Costly Winter Storms] - January 24, 2023
Date : 2023-02-08
Union Pacific Corp. reported profit below analysts estimates as disruptions from winter storms drove up costs, even as the railroad hauled more goods from a year earlier and charged more per carload.
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AIR [Freighter fleet expected to grow by 2.3% per year] - 24 / 01 / 2023
Date : 2023-02-08
Aviation data firm Cirium is expecting the world’s freighter fleet to grow at 2.3% per year over the next 20 years. The data provider predicted that in total the world’s freighter fleet will reach over 4,100 aircraft by 2041 on the back of a 3.7% pe...
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OCEAN [West Coast Ports Bear the Brunt as Inbound Containers Drop Off] - January 24, 2023
Date : 2023-02-08
U.S. container ports experienced the largest contraction of inbound containers ever in the final months of 2022 as a slowdown in global trade continues to hammer ports volumes.
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Date : 2023-02-08
Brazil’s and Mexico’s consumer prices rose more than expected in the first weeks of the year, highlighting challenges facing policymakers as they work to bring inflation back to their targets.
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Date : 2023-02-08
Global manufacturers are looking beyond China, with Prime Minister Narendra Modi stepping up to seize the moment. The government is spending nearly 20% of its budget this fiscal year on capital investments, the most in at least a decade.
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GLOBAL & ECONOMY [Germany to Quash Recession Fears With 2023 Growth Forecast] - January 25, 2023
Date : 2023-02-08
The German government expects Europe’s biggest economy to grow by 0.2% this year instead of the 0.4% contraction it predicted in October, according to people familiar with new forecasts to be published Wednesday.
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GLOBAL & ECONOMY [Should China worry about its shrinking population?] - 20 January
Date : 2023-02-08
China's population has fallen for the first time in six decades, official statistics revealed earlier this week - but this trend may not spell doom for the country in the short term, experts say.
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Date : 2023-02-08
U.S. business activity contracted for the seventh straight month in January, though the downturn moderated across both the manufacturing and services sectors for the first time since September and business confidence strengthened as the new year bega...
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Date : 2023-01-20
New study from the University of Oxford’s Environmental Change Institute (ECI) shows that 86% of all ports worldwide are exposed to more than three types of climatic and geophysical hazards, resulting in escalating economic impacts on global trade.
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LOGISTICS [ClarkSea Index: Record Annual Average For 2022] - 2023-01-10
Date : 2023-01-20
Full year 2022 data points for the international shipping industry have been released by Clarksons Research. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research commented:
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AIR [No upswing in demand for airfreight at the start of 2023] - Jan 13, 2023
Date : 2023-01-20
Global airfreight tonnages have shown no sign yet of a post-holiday season recovery in 2023, whereas last year there was already an upswing by the end of the first week, the latest preliminary figures from WorldACD Market Data indicate, consistent wi...
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OCEAN [Slight December Decline in U.S. Container Import Volumes Aligns with 2019 Levels]
Date : 2023-01-20
U.S. container import volumes in December 2022 continued to close in on 2019 volumes. Port delays, meanwhile, continued to improve, especially for the top East Coast ports as their import volumes have receded. Chinese imports again declined, but much...
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OCEAN [Asia-US container rates stable this week as ocean freight begins to normalize] - 16/01/2023
Date : 2023-01-20
Rates for shipping containers from east Asia and China to the US were largely stable this week, an indication that ocean demand is in the process of normalising from the sustained surge experienced over the past two years.
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Date : 2023-01-19
DAVOS, Switzerland (Reuters) -The prospect of imminent global recession cast a long shadow over Davos on Monday as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and bus...
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GLOBAL & ECONOMY [Japanese Feel the Worst Off Since 2010 as Inflation Bites] - January 11, 2023
Date : 2023-01-19
More than half of Japanese households said their livelihoods have worsened in a Bank of Japan survey, sending a clear signal that the hottest inflation in four decades is eating into people’s confidence.
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GLOBAL & ECONOMY [European Gas Slumps to 16-Month Low on Strong Supply Outlook] - January 16, 2023
Date : 2023-01-19
Natural gas prices in Europe dropped to the lowest level since September 2021 as the supply outlook got a boost with full stockpiles in China forcing buyers to send LNG cargoes to the continent.
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Date : 2023-01-19
China's economic growth in 2022 slumped to one of its worst levels in nearly half a century as the fourth quarter was hit hard by strict COVID curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.
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Date : 2023-01-19
US short-term inflation expectations fell in early January to the lowest in nearly two years, providing a bigger-than-expected boost to consumer sentiment.