Imports and infrastructure are top priority — Midday Market Update

MMU 11/24

Over halfway through January, retail sales and imports continue to grow

Headlines

FreightWaves’ Greg Miller reports on the exorbitant growth in import activity as container spot rates remain high and freight volumes are expected to stay elevated in the coming months. 

Infrastructure is high on the priority list for the incoming administration, and President-elect Joe Biden plans to roll out his Build Back Better recovery plan during the first joint session of Congress. This plan may directly...

https://www.freightwaves.com/news/imports-and-infrastructure-are-top-priority-midday-market-update

More regulations, more problems? — Freightonomics (with video)

freightonomics recap 11/25

What a Biden administration means for regulations on the freight industry

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Anthony Smith and Zach Strickland hit your headlines for Wednesday and discuss how the new presidential administration may enact more regulations for the freight industry. 

Freig...

https://www.freightwaves.com/news/more-regulations-more-problems-freightonomics-with-video

Pirates are kidnapping more seafarers off West Africa, IMB reports

Pirates are kidnapping more seafarers off West Africa, IMB reports

London and Kuala Lumpur – 14 October 2020

ICC International Maritime Bureau (IMB) figures show a rise in piracy and armed robbery on the world’s seas in the first nine months of 2020, with a 40% increase in the number of kidnappings reported in the Gulf of Guinea, compared with the same period in 2019. Pirates armed with guns and knives are abducting bigger groups of seafarers at further distances off
the West African coast.

IMB’s...

https://www.allaboutshipping.co.uk/2020/10/14/pirates-are-kidnapping-more-seafarers-off-west-africa-imb-reports/

China’s dollar pragmatism, Brexit negotiations: deal or no deal?

China’s dollar pragmatism, Brexit negotiations: deal or no deal?

Monday 14 September 2020   –  Vol.11 Ed.38.1

Commentary: Dollar dominance difficult to displace

By Kathleen Tyson in London

Speculation about the dollar’s decline is premature. The global financial plumbing will not change quickly or inexpensively.

It took a century of New York banks’ financial activism and extensive global interbank innovation and collaboration to make the dollar a hegemonic currency.

It will only...

https://www.allaboutshipping.co.uk/2020/09/14/chinas-dollar-pragmatism-brexit-negotiations-deal-or-no-deal/

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