Since the pandemic, earnings for ships that move cars across the oceans have soared to record levels, fueled by booming global trade in vehicles. The rally is starting to fade.
https://gcaptain.com/car-carrier-bull-market-seems-to-be-fading/
global trade
UNCTAD: Global Trade On Track to Hit Record $33 Trillion in 2024
Global trade in both goods and services is poised to achieve an unprecedented $33 trillion in 2024, marking a substantial $1 trillion increase and 3.3% annual growth despite persistent challenges,…
https://gcaptain.com/unctad-global-trade-on-track-to-hit-record-33-trillion-in-2024/
India and Italy In Talks On Blue Economy, Port Cooperation
By Jeanette Rodrigues Nov 30, 2024 (Bloomberg) —Italy is in talks with India to ramp up cooperation in the ship and yacht building industries, Minister of Business and Made in Italy…
https://gcaptain.com/india-and-italy-in-talks-on-blue-economy-port-cooperation/
How global trade actors are turning to fintech to tackle fraud
With billions of dollars processed every day, cross-border trade payments have become increasingly complex. Companies must navigate a range of banks, clearinghouses and payment processors, all of which assess fees and contribute to potential delays.
Traditionally, cross-border payments are slow, opaque and costly, causing cash flow problems for businesses. For instance, intermediary banks involved in transactions each add fees and processing time, making total transaction costs less transparent...
https://www.freightwaves.com/news/how-global-trade-actors-are-turning-to-fintech-to-tackle-fraud
UNCTAD’s Maritime Review Exposes the Real Winners from Global Shipping Disruptions
By Lori Ann LaRocco (gCaptain) – UNCTAD’s yearly review on the maritime industry meticulously breaks out all the headwinds facing the world of trade, but it’s the “green” opportunity that…
China’s Car and Ship Exports Hit Record Despite Slowing Trade
(Bloomberg) — China’s exports of both cars and ships hit records in September even as broader shipments slowed, underscoring the rapid changes in the nation’s industry that are fueling global trade tensions….
https://gcaptain.com/chinas-car-and-ship-exports-hit-record-despite-slowing-trade/
WTO Sees Modest Global Trade Growth Amid Geopolitical Uncertainties
The World Trade Organization (WTO) has released updated projections for global trade growth, painting a picture of cautious optimism tempered by ongoing geopolitical concerns. In their latest forecast, WTO economists…
https://gcaptain.com/wto-sees-modest-global-trade-growth-amid-geopolitical-uncertainties/
Shipping’s New Normal: How Red Sea Diversions are Reshaping Global Trade
The Red Sea diversions over the last year have shown trade is like water—it will always find a way to flow. The old adage “trade at rest is not making…
https://gcaptain.com/shippings-new-normal-how-red-sea-diversions-are-reshaping-global-trade/
Higher Fences for Trade Will Mean More Debt And Slower Growth
(Bloomberg Markets) — A hot war in Ukraine, a trade war between China and the US, and Donald Trump’s threat of sweeping tariff increases raise the prospect of an accelerated…
https://gcaptain.com/higher-fences-for-trade-will-mean-more-debt-and-slower-growth/
WTO: Global Goods Trade Recovery Extends Into Third Quarter
(Bloomberg) — Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity rose further above the longer-term average pace….
https://gcaptain.com/wto-global-goods-trade-recovery-extends-into-third-quarter/