News Media
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[GLOBAL & ECONOMY] Biden signs bill to bolster US semiconductor production - Aug. 10, 2022
Date : 2022-08-18
President Joe Biden signed a $280 billion legislative package on Tuesday that includes billions of dollars in subsidies to boost U.S. semiconductor manufacturing and keep the country competitive with China.
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[LOGISTICS] China's military drills near Taiwan disrupt key shipping lanes - August 5, 2022
Date : 2022-08-11
China's military exercises in the waters around Taiwan have prompted some ships to navigate around the Taiwan Strait and give the island a wide berth, disrupting key trading routes for cargo and commodities sailing around the world, analysts said.
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[LOGISTICS] Ukraine seeks to extend shipping safe passage deal beyond grain - August 5, 2022
Date : 2022-08-11
Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia's invasion was due in Ukraine to load, as Kyiv called for the safe passage deal to be extended to other cargoes such as metals.
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[AIR] Air cargo rates stabilise for summer period - 03 / 08 / 2022
Date : 2022-08-11
Airfreight rates on key trade lanes were stable in July for the quieter summer period but remain far above pre-pandemic levels. The latest data from the Baltic Exchange Airfreight Index (BAI) show that average rates on services from Hong Kong to N...
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Date : 2022-08-11
etail sale is a key driver of European container imports. In early 2020 and early 2021 retail sales volumes in the EU and the UK suffered setbacks due to COVID restrictions, but recently, high inflation and historically low consumer confidence have b...
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Date : 2022-08-11
Maersk on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion.
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Date : 2022-08-11
One of the first signs that inflation was going to be a problem was the supply-chain crisis of 2021. Remember last year, when it felt like everyone moved and bought a new desk so they could work from home, and the logjam at all the ports meant all...
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Date : 2022-08-11
Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed more to meet rising raw material costs amid a surge in global commodity inflation.
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German exports surge to record level in June, outlook still gloomy - August 3, 2022
Date : 2022-08-11
The value of German exports jumped by 4.5% in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices.
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China’s Trade Surplus Hits Record But Slowdown Risks Remain - August 8, 2022
Date : 2022-08-11
China’s surprisingly strong export growth in July lifted its trade surplus to another record and provided some much-needed economic support, but the country will still have to find ways to keep its fragile recovery on track as the global economy slow...
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The Worst Is Yet to Come for US Credit Markets, Investors Say in Survey - August 8, 2022
Date : 2022-08-11
he ugliest year ever for US corporate-bond investors is expected to get uglier -- and they only have the Federal Reserve to blame. With the central bank raising interest rates at the fastest pace in decades, nearly three quarters of those who resp...
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Date : 2022-08-03
The threat of dock strikes at Felixstowe and Liverpool next month, together with the potential resumption of industrial action at German ports, add to the supply chain woes of Asia-to-North Europe shippers.
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Date : 2022-08-03
The sight last year of dozens of gigantic container vessels anchored for weeks off the coast of Los Angeles rocked the shipping industry and magnified the worldwide disruption of supply chains. Most of the ships, mainly bound from Asia, were waiting ...
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[AIR] K+N predicts ongoing reliance on freighters in air cargo - 28 / 07 / 2022
Date : 2022-08-03
Kuehne+Nagel (K+N) is expecting freighter capacity to continue to dominate the airfreight market for the coming quarters, while it also has no concern about reports of high inventory levels in the US. Speaking after announcing the company’s second...
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[LOGISTICS] Maersk Asia Pacific market update (July 2022) - 29 July 2022
Date : 2022-08-03
Customers are continuing to face a raft of challenges as the Russia-Ukraine conflict weighs on the longer-term outlook for the global economy amid concern that inflation and higher energy prices will lead to lower consumer demand, damaging internatio...
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Date : 2022-08-03
Surplus containers are piling up at warehouses as demand wears out, resulting in rising demurrage and detention charges, contributing substantially to the operational costs for shippers. These were a few inferences that were discussed during a recent...
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[GLOBAL & ECONOMY] Oil Plunges as China Slowdown Spurs Concern Over Demand Outlook - August 2, 2022
Date : 2022-08-03
Oil slumped as poor manufacturing figures across the globe fueled concerns that an economic slowdown may sap demand for crude.
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[GLOBAL & ECONOMY] World Factory Outlook Darkens With Weakening From Europe to Asia - August 1, 2022
Date : 2022-08-03
European factory activity plunged and Asian manufacturing output continued to weaken in July amid lingering supply-chain complications and a slowing global economy.
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[GLOBAL & ECONOMY] The Euro Feels the Pressure as Economy Tips Toward Recession - July 31, 2022
Date : 2022-08-03
The euro, already beaten down this year to the lowest in two decades, remains an unloved currency stuck under relentless pressure as its economy stumbles toward a recession.
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Date : 2022-08-03
India's factory activity expanded at its quickest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures, a private survey showed.