[GLOBAL & ECONOMY] Long, Moderate and Painful: What Next US Recession May Look Like

Date : 2022-07-08

[Long, Moderate and Painful: What Next US Recession May Look Like] - July 3, 2022 Recessions, like unhappy families, are each painful in their own way. And the next one -- which economists see as increasingly possible by the end of next year -...

[LOGISTICS] Analysis: S.Korea truckers' win no harbinger of labour market peace

Date : 2022-06-21

[Analysis: S.Korea truckers' win no harbinger of labour market peace] - June 15, 2022 SEOUL, June 15 (Reuters) - South Korea's unionised truckers drove a strong bargain with their largely peaceful strike action proving effective without antagonis...

[LOGISTICS] Shipping Markets’ Volatility Even More Pronounced in 2022

Date : 2022-06-21

[Shipping Markets’ Volatility Even More Pronounced in 2022] - 17/06/2022 The shipping markets have had to navigate even more turbulent waters so far in 2022, than in the past couple of years, of COVID and supply chain disruptions. In its latest w...

[AIR] Asia-Europe capacity is “volatile”against growing demand

Date : 2022-06-21

[Asia-Europe capacity is “volatile”against growing demand] - 16 / 06 / 2022 Demand continues to be strong out of China, but capacity between Asia and Europe is “volatile” and increasingly limited. This was according to Flexport’s Freight Marke...

[OCEAN] West Coast Ports Strike Unlikely Even If No Labor Deal By July Deadline

Date : 2022-06-21

[West Coast Ports Strike Unlikely Even If No Labor Deal By July Deadline] - June 14, 2022 Employers and the union representing more than 22,000 dockworkers at 30 US ports on the West Coast are unlikely to reach a wage deal by the time the current...

[OCEAN] Congestion at Shanghai remains normal, even as much of the city reimposes lockdown

Date : 2022-06-21

[Congestion at Shanghai remains normal, even as much of the city reimposes lockdown] - 18/06/2022 Shanghai only re emerged last week from two months of lockdown, following a rise in Omicron cases in early April. Average waiting times for Tankers,...

[GLOBAL & ECONOMY] Putin’s stagflation revenge: Everyone said his war would destroy Russia’s economy but he’s killing America’s too

Date : 2022-06-21

[Putin’s stagflation revenge: Everyone said his war would destroy Russia’s economy but he’s killing America’s too] - June 18, 2022 Between a tanking stock market, soaring inflation, and mounting recession fears, Americans are turning on the econo...

[GLOBAL & ECONOMY] GLOBAL MARKETS-Asia shares turn lower, no dodging recession risks

Date : 2022-06-21

[GLOBAL MARKETS-Asia shares turn lower, no dodging recession risks - June 20, 2022 SYDNEY, June 20 (Reuters) - Asian shares were unable to sustain a rare rally on Monday as Wall Street futures shed early gains amid worries the U.S. Federal Reserv...

[GLOBAL & ECONOMY] Euro edges higher with focus on ECB, dollar retreats

Date : 2022-06-21

[Euro edges higher with focus on ECB, dollar retreats] - June 20, 2022 The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France f...

[GLOBAL & ECONOMY] UK Is Closing In on Inflation Rate With Double Digits: Eco Week

Date : 2022-06-21

[UK Is Closing In on Inflation Rate With Double Digits: Eco Week] - June 19, 2022 UK inflation probably reached a new four-decade high above 9% in May, underscoring the challenge for the Bank of England as it threatens faster interest-rate increa...

[GLOBAL & ECONOMY] Nearly All of Wall Street – and the Fed – Botched Calls for 2022

Date : 2022-06-21

[Nearly All of Wall Street – and the Fed – Botched Calls for 2022] - June 19, 2022 So far 2022 has been a year where just about everyone on Wall Street got it wrong. As did the Fed and a cadre of global central banks. Back in December, strateg...

[OCEAN INDEX] Drewry: 16 June 2022_World Container Index Down By 1% This Week, Only 8% Higher Than Same Week Last Year

Date : 2022-06-21

Drewry’s composite World Container Index decreased by 1% to $7,502.43 per 40ft container this week. Our detailed assessment for Thursday, 16 June 2022 • The composite index decreased by 1% this week, but, remains 8% higher than a year ago. • The a...

[LOGISTICS] Striking South Korean truckers target chips, put brakes on port activity

Date : 2022-06-17

[Striking South Korean truckers target chips, put brakes on port activity] - June 10, 2022 ULSAN, South Korea, June 10 (Reuters) - Defiant South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to sever...

[LOGISTICS] The global situation and its impact on Latin America

Date : 2022-06-17

[The global situation and its impact on Latin America] - 13/06/2022 The conflict in Eastern Europe and covid flareups in China are adding more stress to the already strained global supply chain. In this month’s topic, we would like to shed fur...

[AIR] Strikes and labor shortages leave European airports in chaos

Date : 2022-06-17

[Strikes and labor shortages leave European airports in chaos] - Jun 09, 2022 The long-awaited post-lockdown travel boom is rapidly turning into a bust for holidaymakers as Europe’s aviation industry struggles to overcome crippling staff shortage...

[OCEAN] Spot Rates Set to Spike as Strikes and Congestion Hit North Europe

Date : 2022-06-17

[Spot Rates Set to Spike as Strikes and Congestion Hit North Europe] - June 10, 2022 Despite a softening in demand, container spot rates from Asia to North Europe could be set to spike in the coming weeks, as North European hub ports suffer chron...

[OCEAN] Global average monthly container prices increase for the first time in 2022

Date : 2022-06-17

[Global average monthly container prices increase for the first time in 2022] - 10/06/2022 For the first time this year in May, the average container prices globally have soared month on month at an average of 5.4% (from $2207 to $2330) for the 2...

[GLOBAL & ECONOMY] UK Faces Up to a Recession in All But Name as Living Costs Surge

Date : 2022-06-17

[UK Faces Up to a Recession in All But Name as Living Costs Surge] - June 12, 2022 The history books may not judge it as such, but the UK is sliding into a recession in all but name in 2022. While statistical quirks, including the presence of...

[GLOBAL & ECONOMY] Why China is likely to focus more on Central Asia as US rivalry intensifies

Date : 2022-06-16

[Why China is likely to focus more on Central Asia as US rivalry intensifies] - June 12, 2022 China will step up engagement with Central Asia as part of efforts to stabilise its western border and focus on its strategic rivalry with the US in the...

[GLOBAL & ECONOMY] Asian markets tumble after Friday’s inflation-driven retreat on Wall Street

Date : 2022-06-16

[Asian markets tumble after Friday’s inflation-driven retreat on Wall Street] - June 12, 2022 Shares sank in Asia on Monday after a report that U.S. inflation worsened last month sent stocks reeling on Wall Street. Major regional markets dropp...