News Media
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OCEAN [Will 2023 be the “Mixed Bag” Everyone’s Expecting For Shipping?]
Date : 2023-01-19
2023 has began with most experts expecting a mixed bag for the various shipping segments. In its latest report, shipbroker Intermodal said that “the United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on Decemb...
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OCEAN [Peak Season Surge Could Be Make or Break for Ocean Carriers] - January 6, 2023
Date : 2023-01-19
Container spot rates from Asia to North Europe, as recorded by Drewry’s WCI index, increased by 10% this week from their pre-Christmas level, to $1,874 per teu.
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Date : 2023-01-19
A turbulent 2022 for the global air cargo market ended in December with a ‘win/win’ outcome for airlines, forwarders and shippers as chargeable weight fell -8% on a year ago and the general airfreight spot rate registered its largest year-on-year dec...
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Date : 2023-01-19
Nearly a third of logistics managers at major companies and trade groups say they do not know how much trade they would return to the West Coast once an International Longshore and Warehouse Union, or ILWU, labor deal is reached, according to CNBC’s ...
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OCEAN [Coast is (almost) clear as port congestion fades even further] - January 06, 2023
Date : 2023-01-19
Final pockets of congestion on East and Gulf coasts nearly gone What a difference a year makes. At this time in 2022, over 100 container ships were stuck waiting off the ports of Los Angeles and Long Beach, California, with around 150 off all Nort...
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Date : 2023-01-19
The U.S. economic outlook is complicated. Friday's two key data points were no exception. The December jobs report showed more jobs were created last month than expected, while the unemployment rate fell to its lowest level since 1969.
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GLOBAL & ECONOMY [Economists Fret Over Perils Ahead for Global Growth] - January 9, 2023
Date : 2023-01-19
The world economy looks to be transitioning to a more difficult era where interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced.
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GLOBAL & ECONOMY [World Bank to Warn of Global Recession Risk in Economic Outlook] - January 7, 2023
Date : 2023-01-19
The warning is contained in an abstract for the bi-annual “Global Economic Prospects” report due for release on Tuesday and visible on the group’s Open Knowledge Repository website.
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GLOBAL & ECONOMY [Putin’s Energy Gambit Fizzles as Warm Winter Saves Europe] - January 9, 2023
Date : 2023-01-19
Mild weather, a wider array of suppliers and efforts to reduce demand are helping, with gas reserves still nearly full and prices tumbling to pre-war levels. After the sharp turnaround over the past month, Europe is likely already through the worst o...
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GLOBAL & ECONOMY [Multinationals eye evolving Chinese market] - 2023-01-06
Date : 2023-01-19
Nation attracts companies with huge opportunities and opening-up measures Yann Bozec, a French citizen and president for the Asia-Pacific region at Tapestry Group, a luxury goods company based in the United States, has two new year wishes. He w...
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Date : 2023-01-19
US inflation data in the coming week are expected to stay consistent with a gradual step-down in cost pressures, and will help determine the size of the Federal Reserve’s next interest-rate increase.
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Date : 2023-01-06
China's factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as COVID infections swept through production lines across the country after Beijing's abrupt reversal of anti-virus measures.
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Date : 2023-01-06
The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers.
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AIR [Tiaca positive for air cargo in 2023 despite tough outlook] - 27 / 12 / 2022
Date : 2023-01-06
Air cargo association Tiaca is predicting another tough 12 months for air cargo demand, but has also outlined positives for the industry.
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OCEAN [2022’s top shipping stories: Container boom ends, war fuels tankers] - December 31, 2022
Date : 2023-01-06
Three key drivers shaped ocean shipping markets in 2022: the end of the container boom, Russia’s invasion of Ukraine and China’s worsening economic and geopolitical situation.
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OCEAN [Chance that container ship arrives on time is still a coin toss] - December 29, 2022
Date : 2023-01-06
A year ago, fear was a big driver of the supply chain crunch: fear that goods wouldn’t arrive on time, stoked by headlines warning that shipping delays could “cancel Christmas.” It became a vicious cycle. The threat of delays caused importers to max ...
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GLOBAL & ECONOMY [IMF Chief Georgieva Warns of ‘Tough Year’ for World Economy] - January 2, 2023
Date : 2023-01-06
International Monetary Fund Managing Director Kristalina Georgieva warned that the global economy faces “a tough year, tougher than the year we leave behind.”
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GLOBAL & ECONOMY [Oil Dips Amidst Strong Dollar and Mixed China Economic Outlook] - January 4, 2023
Date : 2023-01-06
Oil declined as broader market sentiment soured and mild winter temperatures in many parts of the globe eased fears of an energy crisis.
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GLOBAL & ECONOMY [UK Strikes and Crumbling Health Service Add Headaches for Sunak] - January 3, 2023
Date : 2023-01-06
British rail workers walked off the job on Tuesday, paralyzing transport for much of this week and adding to the troubles piling up for Prime Minister Rishi Sunak’s government.
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GLOBAL & ECONOMY [China’s Economy Ends Year in Slump as Covid Infections Surge] - January 3, 2023
Date : 2023-01-06
China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country.