News Media
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[WORLD NEWS] Britain is now the only major economy where inflation is still rising - JUL 4 2023
Date : 2023-07-11
The U.K. is the only country among the Group of Seven wealthy nations where inflation is still rising, according to data from the Organization for Economic Cooperation and Development...
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[WORLD NEWS] China inflation kicks off week with a bang - July 10, 2023
Date : 2023-07-11
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A clutch of key economic data releases showing whether China is starting to emerge from its post-lockdown funk, and monetary policy decisions - and more imp...
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[WORLD NEWS] Yellen Says Still Too Early to Rule Out Risk of US Recession - July 10, 2023
Date : 2023-07-11
Treasury Secretary Janet Yellen wouldn’t rule out the threat of a US recession, saying it’s “appropriate and normal” for growth to moderate and that inflation remains too high...
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[AIR] Flat air cargo market continuous through June - Jun 30, 2023
Date : 2023-07-04
Global air cargo tonnages in June show a continuation of the flat trend we have seen since the beginning of the month, while average rates remain on a slightly sliding trend, according to the latest weekly figures from WorldACD Market Data.
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[SUPPLY CHAIN] S&P Global : Supply chains almost back to normal - July 2, 2023
Date : 2023-07-04
Supply chains are almost back to normal, yet there are plenty of uncertainties in both the government policy and physical risk, heading into the second half of 2023, S&P Global Market Intelligence said.
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[OCEAN] Column: Global container freight stuck in doldrums - June 26, 2023
Date : 2023-07-04
Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound proved slower than expected and was offset by continued weakness in North America and Europe.
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Date : 2023-07-04
Rates for shipping containers from east Asia and China to the US plunged while spot trucking rates fell again as consumer demand for goods remains weak, and Canadian dock workers voted to strike beginning 1 July, highlighting this week’s logistic rou...
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[OCEAN] Global container shipping outlook: pressure mounts amid flood of new capacity - 28 June 2023
Date : 2023-07-04
The tide is turning for container shipping. The market is bracing for a massive inflow of new capacity amid slowing demand and resolved congestion. This makes capacity discipline paramount for container liners, but that won’t be easy with increasing ...
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Date : 2023-07-04
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management.
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[WORLD NEWS] Green logistics remains challenging for Việt Nam - July 01, 2023
Date : 2023-07-04
Though green logistics is currently a global trend and will become a requirement of the international food industry supply chain, Việt Nam currently faces many challenges to meet the standard, experts said.
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Date : 2023-07-04
Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop more interest rate hikes that will raise the cost of borrowing across the economy.
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Date : 2023-07-04
China has hailed the role of artificial general intelligence in transforming the country’s industries and refuelling its economy, despite growing overseas calls for international collaboration on regulation.
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Date : 2023-07-04
After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country’s West Coast ports starting on July 1. The Canadian Labor Code requires three days’ notice to announce a strike. The notice came on We...
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[OCEAN] Thousands Of Port Workers In Canada’s British Columbia Go On Strike - July 1, 2023
Date : 2023-07-04
Several thousand unionized port workers in Canada’s western province of British Columbia went on strike after failing to reach a deal to renew an industry-wide contract that expired in March, a waterfront employers group said on Saturday.
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[GLOBAL & ECONOMY] [Global trade growth returns but outlook for 2023 is poor] - 21 June 2023
Date : 2023-06-26
During the first quarter of 2023, trade growth was positive for both goods and services, according to UNCTAD’s latest Global Trade Update published on 21 June. After the downturn in the second half of 2022, world merchandise trade rebounded in both v...
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[OCEAN] [Container shipping divide: Cargo rates weaken, ship rents ‘robust’] - June 20, 2023
Date : 2023-06-26
Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government stimulus, not a permanent change in fundamentals. But no one knew how container shipping markets would play out after the boom.
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[AIR] [Year-on-Year airfreight tonnage decline eases to -4%] - Jun 23, 2023
Date : 2023-06-26
The gap between global air cargo tonnages this year and the equivalent period in 2022 has narrowed to just -4% in the first two full weeks of June, down from -6% at the end of May, -10% in April, and -11% in the first quarter, while average rates in ...
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[OCEAN] [When not all freight rates have “normalised”] - 20/06/2023
Date : 2023-06-26
The transpacific and Asia-Europe spot markets in container shipping have returned to December 2019, pre-pandemic levels, but other segments and contract markets have not.
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[OCEAN] [Drewry’s WCI plunges as spot rates see another strong weekly dip] - June 22, 2023
Date : 2023-06-26
The Drewry World Container Index (WCI) has lost about 600 points since the New Year 2023, despite a neutral outlook on rates at the start of the year, as a weekly dip of 3.5% this week, saw the index plummet to US$1,535.75, a figure last seen by the ...