Demand crunch

Global Economy Crises To Crumble Amid Surging Shipping Rates

  • Supply chains are getting hit again by curbs to control virus.
  • Chinese new year holidays, strong demand adding to the crunch.

Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020, reports Bloomberg.

Shortfalls in auto manufacturing

Shortages of consumer goods like paper towels and work-from-home gear early in...

https://mfame.guru/global-economy-crises-to-crumble-amid-surging-shipping-rates/

US Fuel Prices Hit An ‘Year High’ Amid Limited Supplies

USGC marine fuel reached its highest level in nearly a year January 7 on a rebound in the underlying crude complex along with limited blending components, reports Platts.

US marine fuels climb high

USGC marine fuel 0.5%S was assessed at $401/mt, its highest since February 25 when it was assessed at $403.25/mt, S&P Global Platts data showed. Much of this outright price rebound has stemmed from a similar increase in crude that took hold in November.

On November 6 the ICE front-month Brent futures...

https://mfame.guru/us-fuel-prices-hit-an-year-high-amid-limited-supplies/