News Media
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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.
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Date : 2023-01-06
The December jobs report and details from the Federal Reserve’s last policy meeting of 2022 will headline a short opening week of 2023 for investors as Wall Street limps into a new year after its worst run since the Global Financial Crisis.
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LOGISTICS [Ship Recycling Market Still Under Pressure] - 21/12/2022
Date : 2022-12-28
The ship recycling has remained under pressure, despite a few positive signs here and there. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there feels like some renewed vigour in the market this week on the back of some sl...
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Date : 2022-12-28
Imports through the top ten container ports in the U.S. marked the largest overall monthly decline since the financial crisis and likely the largest single month contraction ever, according to industry veteran John McCown.
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AIR [FedEx to outsource more cargo flying in cost-cutting effort] - December 22, 2022
Date : 2022-12-28
FedEx will increasingly rely on outsourced air transport for growth as it pursues an aggressive cost-cutting strategy to resize its delivery network in line with deteriorating market conditions and a structural rebalance in e-commerce sales, executiv...
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Date : 2022-12-28
The year ended in somewhat anti-climactic fashion for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI®) showing a decline of just 0.1%. Following on from a steep 5.7% month-on-month fall in November, and with w...
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OCEAN [Containers values continue to soften] - 24/12/2022
Date : 2022-12-28
Container values have continued to fall across all sub sectors and age categories in Q4 of 2022. Sale and purchase transactions have dropped steadily across each quarter of the year. In Q4 to date, only 25 sales have been reported, a drop of c.81% ye...
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GLOBAL & ECONOMY [2022 has been a year of brutal inflation] - December 22, 2022
Date : 2022-12-28
“Low inflation is indeed the problem of this era.” Thus said John Williams, president of the Federal Reserve Bank of New York, in late 2019, espousing the dominant view at the time. Fast forward to the present, and the problem is the exact opposite. ...
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GLOBAL & ECONOMY [Oil prices: Predictions for 2023] - December 24, 2022
Date : 2022-12-28
Crude oil prices were on a roller coaster ride in 2022, going north of $130/barrel in March amid the Russian invasion of Ukraine. Today, West Texas Intermediate (CL=F) is trading at around $80 while Brent International (BZ=F) is hovering above $83/ba...