[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.

[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...

[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...

[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...

[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...

[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...

[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...

[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 ...

[GLOBAL ECONOMY] The Future Is Bright For Artificial Intelligence In The Middle East

Date : 2022-07-29

[The Future Is Bright For Artificial Intelligence In The Middle East] - July 24, 2022 As part of ongoing efforts to diversify their economies and build a platform for sustainable future growth, MENA nations are increasingly turning towards artifi...

[GLOBAL ECONOMY] The 150% Energy-Price Shock Waiting for the Next UK Leader

Date : 2022-07-29

[The 150% Energy-Price Shock Waiting for the Next UK Leader] - July 25, 2022 This is the first story in a six-part series on the political and economic landscape facing Britain's new prime minister. Every UK prime minister expects to face chal...

[GLOBAL ECONOMY] China turns to durian diplomacy to boost ties with Southeast Asia

Date : 2022-07-29

[China turns to durian diplomacy to boost ties with Southeast Asia] - July 24, 2022 It is probably the most controversial fruit in the world, and haters often complain that it smells just like rotten onion or stinky eggs. However, the durian, ...

[GLOBAL ECONOMY] The Fed is 'trying to walk the tightrope' to bring down inflation, strategist says

Date : 2022-07-29

[The Fed is 'trying to walk the tightrope' to bring down inflation, strategist says] - July 24, 2022 All eyes are on the Federal Reserve ahead of next week's FOMC meeting as record-breaking inflation persists and consumer sentiment hits new lows....

[LOGISTICS] Rail service from LA/Long Beach ports moving at speed of sloth

Date : 2022-07-29

[Viewpoint: Rail service from LA/Long Beach ports moving at speed of sloth] - July 15, 2022 The flow of trade is being derailed out of the ports of Los Angeles and Long Beach as $1.5 billion in trade is landlocked waiting for rail service. A comb...

[LOGISTICS] National railway strike APPROVED by locomotive union… all trains in America may HALT this coming Monday

Date : 2022-07-29

[National railway strike APPROVED by locomotive union… all trains in America may HALT this coming Monday] - 07/15/2022 Some 57,000 rail workers across the United States are slated to walk off the job on July 18 in protest against low wages and po...

[AIR] Shanghai airfreight operations stable for now as Covid cases creep up

Date : 2022-07-29

[Shanghai airfreight operations stable for now as Covid cases creep up] - 14 / 07 / 2022 Covid is on the rise again in Shanghai but “there has been no impact on airfreight” so far and turnover at Shanghai Pudong Airport (PVG) has bounced back, ac...

[OCEAN] Over $31 billion in trade is rail-landlocked or stuck at anchor off U.S. coasts

Date : 2022-07-29

[Over $31 billion in trade is rail-landlocked or stuck at anchor off U.S. coasts] - JUL 15 2022 - $1.5 billion in trade is landlocked at the Ports of Long Beach and Los Angeles waiting for rail service. - Rail dwell in San Pedro Bay is over...

[GLOBAL ECONOMY] A broken global economy is jacking up prices around the world. Experts say we’ve seen this before: World War I

Date : 2022-07-29

[A broken global economy is jacking up prices around the world. Experts say we’ve seen this before: World War I] - July 16, 2022 The end of an era is sometimes obvious, but not always. Over 100 years ago, as the world took up arms in what was ...

[GLOBAL ECONOMY] GLOBAL MARKETS-Asia tries to bounce, tense week ahead for EU

Date : 2022-07-29

[GLOBAL MARKETS-Asia tries to bounce, tense week ahead for EU] - July 18, 2022 Asian shares inched higher on Monday following a much-needed bounce on Wall Street, but nerves are stretched ahead of a near-certain rate hike in Europe and another ro...

[GLOBAL ECONOMY] Energy Markets Will Determine The Fate Of The Euro

Date : 2022-07-29

[Energy Markets Will Determine The Fate Of The Euro] - July 17, 2022 A few days ago, a rare event in the forex markets took place: for the first time in two decades, the euro achieved parity with the U.S. dollar. The euro's epic collapse has seen...

[GLOBAL & ECONOMY] China Is Pariah for Global Investors as Xi’s Policies Backfire

Date : 2022-07-29

[China Is Pariah for Global Investors as Xi’s Policies Backfire] - 2022.07.18 After drawing foreign capital into China’s markets for years, President Xi Jinping is now facing the risk of a nasty period of financial de-globalization. Investors poi...