News Media
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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.
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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.