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/
https://mfame.guru/high-costs-setback-to-green-transition-in-maritime-transportation/
Maersk entered into a letter of intent with Yangzijiang Shipbuilding for the construction of eight, plus an optional four, 8,000-TEU wide-beam container vessels, says an article published on Riviera.
Larger feeder-sized vesselsBRL said if Maersk firms the letter, the cost per ship will be US$115M.
This is part of a trend which has now seen more than 100 larger feeder-sized vessels, some now more than 9,000 TEU.
Economy of scale
“The long-term outlook is that feeders will...
(Bloomberg) — Chinese imports plunged and export growth slowed in April as the recovery waned, raising concerns about the country’s ability to boost the global economy. Overseas shipments expanded 8.5%…
https://gcaptain.com/china-imports-plunge-export-growth-slows-as-recovery-wanes/
By Shipping Australia
A global slow-down in economic activity is on the cards, according to the World Trade Organization.
“Trade continues to be a force for resilience in the global economy, but it will remain under pressure from external factors in 2023.This makes it even more important for governments to avoid trade fragmentation and refrain from introducing obstacles to trade. Investing in multilateral cooperation on trade, as WTO members did at our Twelfth Ministerial Conference last June,...
https://www.shippingaustralia.com.au/trade-growth-to-slow-in-2023/