[GLOBAL & ECONOMY] Anxiety Grows Among Americans as Crisis After Crisis Spirals Out of Control

Date : 2022-07-29

[Anxiety Grows Among Americans as Crisis After Crisis Spirals Out of Control] - July 15, 2022 For an American populace that has been hit with bad news after bad news, the inflation numbers reported this week were a particularly painful gut punch....

[LOGISTICS] Beginning of the end for carriers’ bull run

Date : 2022-07-13

[Beginning of the end for carriers’ bull run] - 05/07/2022 The container market has definitely turned, but don’t expect a swift normalisation, says Drewry’s latest Container Forecaster report. It certainly feels like we are at the beginning of t...

[AIR] Cooling transatlantic market sees average air cargo rates dip

Date : 2022-07-13

[Cooling transatlantic market sees average air cargo rates dip] - 05/07/2022 Global air cargo volumes fell again in June, down 8% year-on-year, with additional summer airline capacity continuing to apply a downward pressure on airfreight rates, e...

[OCEAN] Railroad bottleneck at nation’s busiest West Coast ports reaches inflection point

Date : 2022-07-13

[Railroad bottleneck at nation’s busiest West Coast ports reaches inflection point] - 11/07/2022 Rail congestion from Berkshire Hathaway subsidiary BNSF and Union Pacific, the railroads servicing the West Coast ports, is getting worse and slowing...

[OCEAN] Container lines just posted more record results

Date : 2022-07-13

[Container lines just posted more record results] - July 7, 2022 Early numbers for Q2 2022 point to ongoing bonanza for ocean carriers Container shipping stocks are down double digits since March, yet ocean carriers are still posting record or...

[OCEAN] Shipping’s Half Year Report: Overall Shipping Transportation Index Close To Record High

Date : 2022-07-13

[Shipping’s Half Year Report: Overall Shipping Transportation Index Close To Record High] - 07/07/2022 Clarksons Research have released their half year statistics on to Shipping Intelligence Network. Reviewing the data points (see below and click...

[GLOBAL & ECONOMY] Recession Angst Spurs Pivot to Emerging World’s Growth Engines

Date : 2022-07-13

[Recession Angst Spurs Pivot to Emerging World’s Growth Engines] - July 11, 2022 As panic over inflation gives way to fears about a global recession, emerging-market investors are making a pivot too -- they’re now favoring countries where intere...

[GLOBAL & ECONOMY] Death of 'Abenomics' father may give Japan scope to curb stimulus]

Date : 2022-07-13

[Death of 'Abenomics' father may give Japan scope to curb stimulus] - July 10, 2022 The death of Shinzo Abe, namesake of Japan's "Abenomics" policy, makes any immediate challenge to his legacy highly unlikely but could eventually allow Prime Mini...

[GLOBAL & ECONOMY] Tentacles of Russian energy ‘octopus’ still pulling money from global economy to fund Kremlin’s war

Date : 2022-07-13

[Tentacles of Russian energy ‘octopus’ still pulling money from global economy to fund Kremlin’s war] - July 11, 2022 Every day, Russia receives $1 billion from energy exports, and in the 100 days since launching its full-scale invasion of Ukrain...

[GLOBAL & ECONOMY] South Korean firms concerned by China supply-chain disruptions, with 'chaos' to continue

Date : 2022-07-13

[South Korean firms concerned by China supply-chain disruptions, with 'chaos' to continue] - July 9, 2022 Top manufacturing firms in South Korea feel unprepared for another supply-chain crisis, with many predicting the environment to worsen durin...

[GLOBAL & ECONOMY] Here's why tapping the US oil reserve has led to America increasing crude exports - and why even more US energy supplies could be shipped overseas

Date : 2022-07-13

[Here's why tapping the US oil reserve has led to America increasing crude exports - and why even more US energy supplies could be shipped overseas] - July 9, 2022 Since President Joe Biden announced the release of oil from the Strategic Petroleu...

[AIR] New EU airfreight requirements from March 2023] - Jun 30, 2022

Date : 2022-07-08

[New EU airfreight requirements from March 2023] - Jun 30, 2022 From 1 March 2023, all freight forwarders, air carriers, express couriers, and postal operators transporting goods to or through the European Union (including Norway and Switzerland)...

[LOGISTICS] Port Labor Talks Enter New, High-Stakes Phase With Contract Expiring

Date : 2022-07-08

[Port Labor Talks Enter New, High-Stakes Phase With Contract Expiring] - 03/07/2022 Labor talks between West Coast dockworkers, cargo-handling companies and container shipping lines are entering a new, high-stakes phase with the expiration of the...

[LOGISTICS] Shippers lobby Biden as dreaded West Coast port labor contract expiry looms

Date : 2022-07-08

[Shippers lobby Biden as dreaded West Coast port labor contract expiry looms] - JULY 2, 2022 More than 150 local, state and national trade associations implored U.S. President Joe Biden to push for a smooth and swift resolution to West Coast port...

[OCEAN] California ports piling up again: Too many containers sitting too long

Date : 2022-07-08

[California ports piling up again: Too many containers sitting too long] - July 3, 2022 At the height of last year’s “will Christmas be canceled?” supply chain freak-out, the ports of Los Angeles and Long Beach — with the Biden administration’s b...

[OCEAN] Containers: Market Questions Peak Season Scale As Consumer Sentiment Drops

Date : 2022-07-08

[Containers: Market Questions Peak Season Scale As Consumer Sentiment Drops] - 04/07/2022 Container freight market participants are looking with unease toward peak import season and beyond as booking inquiries for US imports remain under pressure...

[GLOBAL & ECONOMY] Charting the Global Economy: Factories Slow Down From US to Asia

Date : 2022-07-08

[Charting the Global Economy: Factories Slow Down From US to Asia] - July 2, 2022 Manufacturing from the US to Asia is very much in a slowdown as factories continue to struggle with supply snarls, labor shortages and elevated materials costs. ...

[GLOBAL & ECONOMY] Has Indonesia shaken its 'fragile' status among emerging markets?

Date : 2022-07-08

[Has Indonesia shaken its 'fragile' status among emerging markets?] - July 4, 2022 A decade ago Indonesia earned the unwelcome label of being among the so-called "Fragile Five" emerging markets, economies highly vulnerable to capital outflows and...

[GLOBAL & ECONOMY] Foreign Investors Drained $40 Billion From Emerging Asia Last Quarter, and It Could Get Worse

Date : 2022-07-08

[Foreign Investors Drained $40 Billion From Emerging Asia Last Quarter, and It Could Get Worse] - July 4, 2022 Some of Asia’s biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process...

[GLOBAL & ECONOMY] World Energy Crisis Would Be Worse Without China’s Rainy Season

Date : 2022-07-08

[World Energy Crisis Would Be Worse Without China’s Rainy Season] - July 4, 2022 As bad as the world’s energy crisis has been this year, it would been much worse without a wetter-than-usual start to China’s rainy season. While heavy downpours ...