Trade growth to slow in 2023

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/

Dry bulk annual overview and outlook for drybulk freight fundamentals

Pictured: a crystal ball. Photo credit: Aditya Chinchure via Unsplash.

By Signal Ocean*

(Note: “Signal Ocean” is unaffiliated with the Shipping Australia newsletter, “Signal”).

The year ended with critical changes in grain flows due to geopolitical tensions between Russia and Ukraine. In parallel, the Chinese real estate crisis seriously impacted Capesize vessels, while the energy crisis drove up coal flows and Panamax freight rates.

Amid the macroeconomic and geopolitical challenges, it is...

https://www.shippingaustralia.com.au/dry-bulk-annual-overview-and-outlook-for-drybulk-freight-fundamentals/

Global port congestion cut in half; return to normality forecast for Q1 2023

Pictured: a container port. As the global supply chain situation normalises, ports have been able to clear their backlog. Delays at ports overseas greatly and adversely impact seaborne logistics to / from Australia. Photo credit Chuttersnap via Unsplash.

“50% of congestion has been resolved”, analyst Sea Intelligence has declared to the industry in its most recent early October update.

The proportion of the global boxship fleet unavailable due to port delay has dropped to 7.9% from a peak of...

https://www.shippingaustralia.com.au/global-port-congestion-cut-in-half-return-to-normality-forecast-for-q1-2023/

The Future of Supply Chain weather forecast: Clear road ahead

Map showing Rogers, Arkansas area.

The Future of Supply Chain, FreightWaves’ first in-person event since November 2019, will take Northwest Arkansas by storm next week.

Shaking up the industry again with an all-new freight experience, more than 1,600 registered guests and dozens of amazing speakers will crowd the Rogers Convention Center on Monday and Tuesday.

Severe storms hit this part of the country twice this week, flooding streets and blowing down trees and power lines in the nearby cities of Fayetteville and Bentonville,...

https://www.freightwaves.com/news/the-future-of-supply-chain-weather-forecast-clear-road-ahead

19 storms forecast to develop this hurricane season

For the third year in a row, forecasters with the Colorado State University tropical weather and climate research group are calling for a busy hurricane season.

They said we’re likely to see above-average numbers of hurricanes, major hurricanes (Category 3 or stronger) and total named storms (hurricanes plus tropical storms) in the Atlantic basin, which includes the western Atlantic, the Caribbean and the Gulf of Mexico.

Related: Disaster relief nonprofits fighting supply shortfalls

The potential...

https://www.freightwaves.com/news/19-storms-forecast-to-develop-this-hurricane-season

2022 marine, aviation and logistics forecast: trends and future risks

2021 saw the marine and aviation insurance industry grapple with a multitude of challenges including pandemic impacts, disruptive technology and climate-related risks. 

These challenges will continue throughout 2022. Adapting to new technologies and achieving net zero will be central to the insurance agenda, as will the shifting geopolitical landscape.

In our latest report, 2022 marine, aviation and logistics forecast: trends and future risks, Kennedys experts highlight some key legal and...

https://allaboutshipping.co.uk/2022/03/16/2022-marine-aviation-and-logistics-forecast-trends-and-future-risks/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon