News Media
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[AIR] [WORLD ACD - AIR CARGO MARKET TRENDS] - Jul 20, 2023
Date : 2023-07-25
After declining for several weeks, global air cargo tonnages increased slightly in the second full week of July, mainly driven by stabilizing volumes ex-Asia Pacific, whereas rates continued their long-term decline
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[OCEAN] [DREWRY - World Container Index - 20 Jul]
Date : 2023-07-25
Drewry’s composite World Container Index increased by 3.3% to $1,536.86 per 40ft container this week.
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Date : 2023-07-25
Heavy investment at the height of the pandemic has created excess capacity across freight markets and modes of transport, both in the US and globally, according to Paul Bingham, Director of Supply Chain Transportation Consulting, S&P Global Market In...
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Date : 2023-07-25
Majority of freight forwarders surveyed confirm business slowdown in Q2’23 but are hopeful for better demand betting hopes on the peak season.
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Date : 2023-07-25
Korea Development Bank (KDB) has announced that as part of its divestment of HMM's shares, it will sell all its existing shares, plus 37% of its convertible bonds.
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Date : 2023-07-25
Container spot rates from Asia to the US spiked this week, while carriers managed to halt the decline in short-term rates from Asia to North Europe.
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[WORLD NEWS] South Korea Economic Growth Speeds Up in Sign of Resilience - July 25, 2023
Date : 2023-07-25
South Korea’s economic growth accelerated on the back of a pickup in manufacturing, offering signs of an ongoing recovery as the central bank keeps monetary policy restrictive.
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[WORLD NEWS] [Japan’s central bank has been ‘wrong footed’ on inflation, analyst says] - JUL 21 2023
Date : 2023-07-25
Analysts are split over the Bank of Japan’s moves after the country’s core inflation came in above the central bank’s target of 2% for the 15th straight month.
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[WORLD NEWS] [China hits back against Western sanctions] - July 23, 2023
Date : 2023-07-25
IN 2019, AS China’s trade war with America was heating up, the People’s Daily predicted that China’s monopoly on rare earths, minerals crucial to the production of most modern hardware, would become a tool to counter American pressure.
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[WORLD NEWS] [The next stage of the US economy is ‘unspectacular growth’] - July 22, 2023
Date : 2023-07-25
In the past week, a combination of second quarter earnings and newly released economic data have depicted a resilient American consumer, propelling stocks higher despite ongoing fears of a looming recession.
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[WORLD NEWS] [US Economic Soft Landing Hinges on Fed’s Tolerance of Inflation] - July 24, 2023
Date : 2023-07-25
Rising hopes of a soft landing for the US economy likely hinge on the Federal Reserve’s willingness to tolerate inflation markedly higher than it would prefer.
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[LOGISITCS] Global shipping outlook: It’s all about capacity as the tide turns - 28 June 2023
Date : 2023-07-11
The outlook for shipping remains mixed. Cargo growth is weak, but capacity is currently the most important factor to watch. While the container segment is bracing for a flood of capacity, the order book for new tankers is still limited. Combined with...
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Date : 2023-07-11
The decline in global air cargo volumes eased again in June but the ‘fear-of-missing-out (FOMO)’ created an irrational airline and freight forwarding market as shippers indulged in a 41% year-on-year fall in the general airfreight spot rate, shows th...
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[OCEAN] Demurrage and Detention Charges benchmark report 2023 - July 9, 2023
Date : 2023-07-11
Average Demurrage and Detention charges register a year-on-year decline of 25% in 2023, with a significant 14% decrease compared to the rates in 2020, as found by Container xChange's annual Demurrage and Detention Charges benchmark report 2023...
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Date : 2023-07-11
U.S. West Coast port workers’ unions say they won’t work containerships originally bound for the Port of Vancouver that changed course and were diverted to the Port of Seattle. The disruption comes as labor strikes at West Coast ports in Canada stret...
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[OCEAN] Asia-US container rates tick lower; Canada port strike enters 7th day - 07-Jul-2023
Date : 2023-07-11
Rates for shipping containers from east Asia and China to the US continue to fall amid soft demand for goods, while a port strike in Canada’s British Columbia province entered its seventh day and could force some chemical producers to curb production...
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[OCEAN] Over 20 ships wait off Canada ports as dockworker strike drags on - July 8, 2023
Date : 2023-07-11
Vancouver and Prince Rupert — remained at a standstill Sunday as a strike by the port workers’ union passed the one-week mark. Ships are beginning to pile up at anchorages and rail operations serving the U.S. have effectively halted.
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[WORLD NEWS] European firms look for footing in China-U.S. spat, French execs say - July 10, 2023
Date : 2023-07-11
European firms are concerned they could get caught in the cross-fire of rising economic rivalry between the United States and China, with some officials at a French business conference also frustrated at Europe's slowness in crafting a response...
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[WORLD NEWS] Canada port strike may add to inflation concerns ahead of rate decision - July 7, 2023
Date : 2023-07-11
The Canadian dock workers strike is another factor for the Bank of Canada (BoC) to consider ahead of its policy announcement next week because the longer it drags on, the greater the risk of supply-chain disruptions that fuel inflation, economists sa...
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[WORLD NEWS] Turkey’s inflation rate cools despite steep lira plunge - JUL 5 2023
Date : 2023-07-11
Turkey’s monthly inflation rate for June came in lower than expected, despite the continued collapse of the lira currency following the re-election of President Recep Tayyip Erdogan...