News Media
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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.
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[WORLD & ECONOMY] What if the markets are misreading the Fed - July 31, 2022
Date : 2022-08-03
Stocks surged after last week’s Federal Reserve meeting as some experts argued that the central bank effectively “pivoted” its tone from being uber hawkish about monetary policy to being a bit dovish.
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[OCEAN INDEX] Drewry’s composite World Container Index 28 Jul
Date : 2022-07-29
Drewry’s composite World Container Index decreased by 0.9% to $6,761.63 per 40ft container this week. Our detailed assessment for Thursday, 28 July 2022 The composite index decreased by 0.9% this week, the 22nd consecutive weekly decrease, and ha...
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[LOGISTICS] A critical shipping lane in Europe’s economic heart is drying up in the searing heat
Date : 2022-07-29
[A critical shipping lane in Europe’s economic heart is drying up in the searing heat] - JUL 20 2022 The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low in the searing heat the region has been experie...
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[OCEAN] A World Recession Could Slow Down Demand for Shipping
Date : 2022-07-29
[A World Recession Could Slow Down Demand for Shipping] - 19/07/2022 With inflationary pressures leading central banks around the world to increase rates, a global recession could very well be in the cards moving forward. In such a likelihood, de...
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[AIR] Rates predicted to stay high despite a muted air cargo peak season
Date : 2022-07-29
[Rates predicted to stay high despite a muted air cargo peak season] - 21 / 07 / 2022 Transportation rates are expected to stay above pre-pandemic levels for the foreseeable future despite the recent slowdown in demand. Seko Logistics chief gr...
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[LOGISTICS] Truck Protests Bring Port of Oakland Close to a Standstill
Date : 2022-07-29
[Truck Protests Bring Port of Oakland Close to a Standstill] - 21/07/2022 Truckers protesting a new California law that toughens the definition of nonemployee drivers shut down some operations at the Port of Oakland on Tuesday, adding new disrupt...
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[OCEAN] US containerized imports keep record pace in June, start strong in July
Date : 2022-07-29
[US containerized imports keep record pace in June, start strong in July] - July 19, 2022 Recession fears abound, yet America’s ports keep racking up historically high numbers. Last month was the country’s best June ever for containerized imports...
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[GLOBAL ECONOMY] Trade Deficit, Equity Outflows Signal More Losses for Korean Won
Date : 2022-07-29
[Trade Deficit, Equity Outflows Signal More Losses for Korean Won] - July 25, 2022 The won looks set to extend declines from its recent 13-year low as South Korea’s trade balance worsens and foreign investors pull money out of the nation’s stock ...