News Media
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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.
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[GLOBAL & ECONOMY] U.S. manufacturing nearly brakes; price pressures abating - October 4, 2022
Date : 2022-10-06
U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand and tame inflation.
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[OCEAN] West Coast ports sink to lowest share of US imports since early 1980s - September 22, 2022
Date : 2022-09-28
The West Coast was the destination of choice for Asian exports in the initial stage of the COVID buying boom — before container-ship queues stymied the ports.
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Date : 2022-09-28
Christian Roeloffs, chief executive, Container xChange warns Europe’s overstretched supply chains are set for more stress. The strikes Felixstowe and now in Liverpool will lead to port closures stretched up to more than a week. Followed by this will ...
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[AIR] Xeneta Air Freight Rate Update, September'22 - September 22, 2022
Date : 2022-09-28
In mid-September, average air freight rates from the Asia Pacific to Europe and the Middle East stood at USD 5.59 per kg, witnessing a 21% fall from the peak at the start of this year.
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[LOGISTICS] Maersk North America Update (September 2022) - 23 September 2022
Date : 2022-09-28
Tentative railroad worker deal averts strike pending union member ratifications: The terms of the deal run through 2024 and largely mirror a proposal recommended by a Presidential Emergency Board. Membership of just two of the 12 unions have ratified...
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[OCEAN] Asia-US container rates plunge as inflation, recession fears stunt demand - 23-Sep-2022
Date : 2022-09-28
Rates for shipping containers from east Asia and China to both US coasts continued to plummet this week as softening demand amid persistent inflation, fears of a recession and an extremely early peak season have opened up capacity, which is weighing ...
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Date : 2022-09-28
The U.S. dollar (DX-Y.NYB) screamed higher Friday after the British pound (GBPUSD=X) was whacked when British authorities introduced a new stimulus package consisting of fresh spending and tax cuts.
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Date : 2022-09-28
An energy crisis the likes of which hasn't been seen in decades is unfolding around the world. The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies ...