News Media
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GLOBAL & ECONOMY [Pound’s Tentative Recovery Masks Worst Year Since Brexit Vote] - December 24, 2022
Date : 2022-12-28
A turbulent year for the pound is coming to an end with little evidence that 2023 will be much different.
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GLOBAL & ECONOMY [How Xi’s Covid catastrophe put the global economy at risk] - December 24, 2022
Date : 2022-12-28
Smoke billows round the clock from the chimneys of Beijing’s crematoriums, as hearses queue outside and body bags pile up in metal containers.
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Date : 2022-12-28
US inflation continued to ease into the end of 2022 and expectations of future increases dropped, reinforcing hopes that the worst bout of price pressures in a generation has finally passed.
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Date : 2022-12-23
Next year’s containerized freight contracts for the eastbound trans-Pacific lane are likely to settle at steep discounts to 2022 as spot pricing continues to slide on the back of large supply and demand imbalances.
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Date : 2022-12-23
2022 had two sides of price changes. There was inflation for things we actually need, like rent, fuel and food. Then, there’s the random stuff we don’t really need, which became absurdly cheap.
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AIR [Tonnages continue to slide while rates remain stable] - Dec 16, 2022
Date : 2022-12-23
Global air cargo tonnages have continued to slide downwards in the first full week of December, while the overall average rate remained stable, ahead of the end-of-year holiday season.
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OCEAN [“If China Sneezes, Shipping Will Catch a Cold”: A Saying More Timely Than Ever] - 16/12/2022
Date : 2022-12-23
With China’s economy slowdown and the COVID-related measures in flux, shipping and more importantly the dry bulk segment is under pressure. In its latest weekly report, shipbroker Allied Shipbroking said that “as China announced last week a series of...
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Date : 2022-12-23
Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around half their advertised sailings from Asia to North Europe and the US after Chinese New Year on 22 January.
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GLOBAL & ECONOMY [Charting the Global Economy: Fed, ECB and BOE Slow Rate Hikes] - December 17, 2022
Date : 2022-12-23
Three of the worlds’ most influential central banks slowed their pace of interest-rate hikes this week, acknowledging easing price pressures but stressing their jobs to stamp out inflation is far from over.
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Date : 2022-12-23
Europe got hit by roughly $1 trillion from surging energy costs in the fallout of Russia’s war in Ukraine, and the deepest crisis in decades is only getting started.
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Date : 2022-12-23
The Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest rate target next year if the economy can withstand overseas risks, former deputy governor Hirohide Yamaguchi told Reuters.
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Date : 2022-12-23
China is likely to see an explosion of COVID-19 cases in coming weeks, experts say, as the country lifts its long-standing and highly unpopular zero-COVID-19 policy.
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Date : 2022-12-23
Nearly six years after former President Donald Trump withdrew the U.S. from the Trans-Pacific Partnership (TPP) free trade deal, former high-ranking officials are looking to win American lawmakers back to the table - this time, to get approval on a b...
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Date : 2022-12-23
Businesses in Singapore are feeling the impact of South Korea's nationwide truckers’ strike, which has led to supply chain disruptions.
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LOGISTICS [Strike action continues to plague ports and international supply chains] - 10/12/2022
Date : 2022-12-23
Labour disputes at key maritime gateways are continuing to spread, increasing port delays and disrupting international supply chains, fuelled by an escalating cost of living crisis.
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AIR [Trends and challenges that could shape the airfreight market in 2023] - Dec 12, 2022
Date : 2022-12-23
It has been challenging for many industries around the globe, and the air cargo market has been no exception. With ongoing external issues, the sector has faced challenges across the board.
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Date : 2022-12-23
Container shipping rates for North American imports have plummeted since the start of the year, with box volumes on the trans-Pacific route from China to the US West Coast having dropped 86.8% and US East Coast imports rates falling 71.6%, as of Dec....
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OCEAN [GLOBAL CONTAINER VOLUMES FALL 9.3% Y/Y AS HISTORIC GROWTH CYCLE ENDS] - 07 December 2022
Date : 2022-12-23
Twenty out of twenty-eight region to region trade lanes ended with lower volumes than in October 2021 while eighteen trade lanes saw volumes lower than in October 2019.
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Date : 2022-12-23
Forget the threat of a global recession in 2023, the team at Goldman Sachs is already thinking about global economic growth potential through the year 2075.
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Date : 2022-12-23
Britain’s darkening economic outlook is set to leave Bank of England policy makers the most divided ever over how much to raise interest rates, with the prospect of the first-ever four-way split.