News Media
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Date : 2022-11-17
Every year, an estimated 92 million tonnes of textile waste is generated globally and the apparel industry’s global emission is said to increase by 50% by 2030. These are alarming numbers about the state of environmental pollution caused by the texti...
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[GLOBAL & ECONOMY] China Plans Property Rescue in Latest Surprise Policy Shift - November 14, 2022
Date : 2022-11-17
China issued sweeping directives to rescue its property sector, adding to a major recalibration of its pandemic response in the strongest signs yet that President Xi Jinping is turning his attention toward shoring up the world’s second-largest econom...
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Date : 2022-11-17
Federal Reserve Governor Christopher Waller said “we’ve still got a ways to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices.
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Date : 2022-11-03
The intersection of European and US natural gas and diesel markets has likely never been more uncertain as it is going into winter 2022-23
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[LOGISITCS] US Dockworker Union Deal Will Take Months Says Seroka - October 25, 2022
Date : 2022-11-03
A labor deal between 22,000 dockworkers at US West Coast ports and their employers may take several months to reach, but service disruptions while negotiations continue are unlikely, according to the chief of the Port of Los Angeles.
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Date : 2022-11-03
Air cargo prices and tonnages have stabilized in the past two weeks after dropping sharply in early October, but there are still no signs of a significant fourth-quarter (Q4) peak season, the latest figures from WorldACD Market Data reveal.
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[OCEAN] Decline in spot freight rates accelerates, reports Shifl - October 26, 2022
Date : 2022-11-03
SHIFEX, a container spot freight rate index, shows that freight rates for 40’ containers moving from China to the port of Los Angeles fell to US$1,825 in October, which was equivalent to the peak season rates pre-pandemic.
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Date : 2022-11-03
The Drewry’s World Container Index took a 7% tumble to quote at US$3,145. The Index which has lost 67% annually and 70% since its peak, has now retraced over 81% of its gains ever since the pandemic hit the globe.
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[GLOBAL & ECONOMY] Won Bears Bet Even the Most Hawkish BOK Will Fail to Match Fed - October 31, 2022
Date : 2022-11-03
Currency traders are betting there’s more downside ahead for the beleaguered won as efforts by policy makers to stem its decline are outpaced by the Federal Reserve’s most aggressive tightening campaign since the 1980s.
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[GLOBAL & ECONOMY] Europe’s energy crisis is very far from over - October 31, 2022
Date : 2022-11-03
OCTOBER, OFF the Spanish coast, a number of slow-moving metallic domes emerged on the skyline. They were tankers, pregnant with superchilled liquefied natural gas (LNG) and waiting for delivery at busy “regasification” terminals, where their liquid f...
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Date : 2022-11-03
At a warehouse on an industrial stretch in Ottawa, giant metal crates of donated groceries are piled high as volunteers sort canned goods, pasta and other foods to be distributed to pantries around the Canadian city.
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Date : 2022-11-03
China's leader Xi Jinping has tightened his grip on power, shutting out reformers to effectively take sole charge of the world's second-largest economy — and that has rocked markets.
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Date : 2022-11-03
A strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said.
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[LOGISTICS] Evergreen conservative about outlook - Oct 15, 2022
Date : 2022-10-28
Evergreen Marine Corp (長榮海運) gave a conservative profit growth outlook for this quarter, as demand and freight rates retreated amid a strong US dollar and surging inflation, but its full-year profit could exceed that of last year, president Eric Hsie...
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Date : 2022-10-28
Global supply chain woes have eased ahead of the holiday season, according to Flexport founder and co-CEO Ryan Petersen. Ports are less congested, and the cost of shipping goods has fallen significantly this year, Petersen said. The price of shipp...
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[AIR] Soft market conditions continue in air cargo - 20 / 10 / 2022
Date : 2022-10-28
Soft market conditions continue in air cargo as trade worries, high inflation and new Covid lockdowns impact demand. This week’s market round-ups from forwarders and analysts point to a weakening market in terms of demand, although rate declines h...
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[OCEAN] OCEAN FREIGHT RATE MOVING TOWARDS MANAGEABLE LEVELS - 17 October 2022
Date : 2022-10-28
A muted peak shipping season in 2022 has prompted a downward shift for freight rate levels as effective vessel supply increases and demand into some key import markets slows.
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[OCEAN] U.S. container imports tumble as supply stress gives way to slack - October 21, 2022
Date : 2022-10-28
After more than two years of surging demand, the volume of container imports coming through U.S. ports has tumbled sharply, raising questions about where a sector once tracked as a supply-chain stress point will hit bottom.
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[GLOBAL & ECONOMY] Here's what's really hurting the economy - October 22, 2022
Date : 2022-10-28
I went out for pizza the other night, but had to eat it in my car. That’s because the Frank Pepe’s in Manchester, Connecticut had this sign on its door. “Attention: Dining Room closed after 4 p.m. today due to staffing shortages.” So I ate...
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[GLOBAL & ECONOMY] Uneven Inflation Spike Redraws Euro Zone’s East-West Divide - October 22, 2022
Date : 2022-10-28
In the Baltic region, where inflation is the bloc’s quickest and has topped 25%, Estonia has seen the cost of goods and services leapfrog Italy and Spain since last year, making it the most expensive country in central and eastern Europe. Slovakia an...