By David Lawder WASHINGTON, April 16 (Reuters) – The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing…
https://gcaptain.com/imf-sees-slow-and-steady-growth-of-global-economy/
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Estimates place the annual turnover at up to €50 billion and the number of jobs which are directly or indirectly dependent on the maritime industry at up to 400,000. … |
https://maritime-professionals.com/what-do-you-know-about-the-german-maritime-industry/
It’s actually possible for the freight economy, which has been stuck in recession for 18 months, to get worse even though the economy produced robust 4.9% growth in the third quarter, according to Danielle DiMartino Booth.
The QI Research CEO said the firehose of federal stimulus that has lasted three years is finally coming to an end, which will reduce purchasing power for millions of consumers. Her comments came Thursday during the second annual F3: Future of Freight Festival in Chattanooga,...
https://www.freightwaves.com/news/finance-expert-points-to-cautionary-signals-for-us-freight-demand
(Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, fell after saying it’s cutting at least 10,000 jobs to shield its profitability in a shipping market that is set…
https://gcaptain.com/maersk-slumps-after-forecasting-weak-global-trade-until-2026/
World economic growth will slow from 3% in 2022 to 2.4% in 2023, the UN Conference on Trade and Development, has warned. Arguing that the world economy is “at a […]
The post UN trade body warns of stalling economic and trade growth appeared first on Shipping Australia.
https://www.shippingaustralia.com.au/un-trade-body-warns-of-stalling-growth/
(Bloomberg) — South Korea’s trade data indicated the trend toward declining exports moderated further in the first part of September, raising hopes for a return to growth later this year….
https://gcaptain.com/fall-in-korean-exports-moderates-in-hopeful-sign-for-economy/
(Bloomberg) — China’s trade slump eased in August, adding to early signals the worst may be over for some parts of the world’s second-largest economy as it tries to regain…
https://gcaptain.com/chinas-export-slump-eases-as-economy-searches-for-stability/
Air logistics companies are grudgingly writing off the traditional peak season as weak macroeconomic conditions drag out the freight downturn longer than expected. Low rates will carry over into next year, even if demand eventually picks up, because many businesses are negotiating contracts to lock in low prices instead of shopping for one-time quotes when ready to ship, analysts say.
Airfreight remains mired at the bottom of a 16-month downturn and, by some measures, is worsening on the cusp of...
https://www.freightwaves.com/news/wait-for-airfreight-recovery-could-extend-deep-into-2024
(Bloomberg) — As economists gauge the likelihood of recessions in major economies around the world, a slew of recent data show that a downturn is already evident when it comes…
https://gcaptain.com/hard-landing-for-trade-roils-world-export-champs/
CHICAGO, May 17 (Reuters) – The U.S. supply chain is healing from early pandemic shocks that sent shipping costs sky rocketing and squeezed supplies of everything from toilet paper to pasta, but more than…
https://gcaptain.com/us-supply-chain-woes-shift-and-persist-in-2023/