News Media
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[GLOBAL & ECONOMY] American consumers are becoming more price-sensitive again - October 13, 2022
Date : 2022-10-20
ASKED ABOUT the state of the economy, Americans are surprisingly gloomy. More than half say they are experiencing financial hardship; more than a third say they are having difficulty paying for regular household expenses. Yet, even as surveys suggest...
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[LOGISTICS] If supply chain crunch is finally easing, why is inflation so high? - October 2, 2022
Date : 2022-10-13
Remember back in 2021 when inflation was “transitory” and surging consumer prices were blamed on the supply chain crisis? The Fed and macro investors became intensely interested in chaos at the ports. The focus on bottlenecks spurred the Federal Rese...
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[LOGISITCS] Ocean freight orders are signaling a big drop in consumer demand - OCT 3 2022
Date : 2022-10-13
A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop in ocean freight orders for the months of September and October. The decline in demand cuts across many products, includin...
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[AIR] Top 25 air cargo carriers rise to supply chain challenge] - 05 / 10 / 2022
Date : 2022-10-13
IATA World Air Transport Statistics (WATS) data shows the top 25 cargo airlines last year succeeded in delivering on an appetite for air cargo, despite limited capacity, staff shortages and pandemic-related congestion and constraints throughout the s...
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[OCEAN] ‘Potential feeder containership shortage’ in Mediterranean - Oct 10, 2022
Date : 2022-10-13
MSI said that newbuilding contracting by owners who operate in the Mediterranean will need to increase in the coming years as environmental regulations tighten. Environmental regulations threaten supply by making some vessels less commercially viable...
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Date : 2022-10-13
Rates for shipping containers from east Asia and China to the US continued to fall this week and are nearing the levels seen at the start of the pandemic, pushed lower by falling demand, China’s ongoing zero-COVID policies and Chinese factory closure...
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[GLOBAL & ECONOMY] IMF, World Bank Warn of Increasing Risk of Global Recession - October 11, 2022
Date : 2022-10-13
The heads of the International Monetary Fund and World Bank warned of a rising risk of a global recession as advanced economies slow and faster inflation forces the Federal Reserve to keep raising interest rates, adding to the debt pressures on devel...
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Date : 2022-10-13
Europe's auto industry faces not only a difficult winter but a tough 2023 as well, with potential output loss of one million cars per quarter, as companies struggle to stay online amid possible energy shortages and supply chain issues.
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Date : 2022-10-13
The International Monetary Fund cut Asia's economic growth forecasts on Tuesday, with rising inflation forcing many central banks to tighten monetary policy even as exports face the brunt of slowing growth in trade partners such as the United States.
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Date : 2022-10-13
Sales of electric vehicles (EV) in China rose at their slowest pace in five months as demand faltered in a sputtering economy despite government incentives to revive the auto market, though industry officials forecast a stronger end to the year.
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Date : 2022-10-13
Consumer expectations for where inflation will be one year from now eased again in September, according to a key Federal Reserve Bank of New York survey published Tuesday, a potentially reassuring sign for the U.S. central bank as it tries to cool su...
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[LOGISTICS] ['Smart ships need smart ports']
Date : 2022-10-06
Smart ships need smart ports. That's what Fabio Ballini, an assistant professor at World Maritime University in Malmo, Sweden, often says. With the climate crisis encouraging the world to increase energy efficiency and reduce carbon emissions, more a...
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[AIR] World’s largest ocean freight carrier launches air cargo business - Sep 28, 2022
Date : 2022-10-06
Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy’s flag-carrier airline.
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[LOGISTICS] Vanishing traffic at key ports signals demand slump in West - 01 Oct 2022
Date : 2022-10-06
In a sign of slowing demand amid geopolitical turmoil, the wait time for berthing of ships at India’s largest and busiest port in Kandla has slipped from 7-9 days to less than a day, shippers and exporters said. They also warned there could be more s...
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Date : 2022-10-06
The latest data from the Xeneta Shipping Index (XSI®) reveals long-term contracted rates fell by 1.1% in September. This is the first drop since January and one of only three declines in the past 21 months. However, analysts at Oslo-based Xeneta, whi...
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[OCEAN] Port of Felixstowe: More strike action possible, says union - October 04 2022
Date : 2022-10-06
The union on strike at the UK's busiest container port warned there could be further industrial action.
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Date : 2022-10-06
Governments around the world are determined to bring down inflation whatever the cost, but a growing chorus of voices is pointing out that aggressive monetary policies could have some serious and long-lasting consequences on the world economy.
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Date : 2022-10-06
Europe is at the epicentre of a global manufacturing slump, according to a closely watched survey that showed the bloc's two biggest economies are struggling to remain competitive.
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Date : 2022-10-06
India's factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures and strong business confidence, a private survey showed.
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Date : 2022-10-06
Core consumer prices in Japan's capital, a leading indicator of nationwide inflation, rose 2.8% in September from a year earlier, exceeding the central bank's 2% target for a fourth straight month and marking the biggest gain since 2014.