ATLANTA, Georgia – Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its April report on the ongoing global shipping crisis and analysis for logistics and supply chain professionals. The report shows stronger U.S. ocean container import volumes in March, but reduced wait times at top U.S. ports. However, China’s COVID lockdowns combined with recent geopolitical conflict suggest there may be continuing levels of...
Commenting on the spate of recent media reports that the government is considering another delay to the introduction of post-Brexit border checks on goods entering Britain from the EU, the freight sector says that it comes as no great surprise.
Equally, in light of the suggestion that the delay might even be until new technology is in place that will enable the government to deliver on its promise to create ‘the world’s most effective border’ by 2025, the freight sector will not be...
Post Easter Market losses whilst the Ukrainian inferno will last and spill over like Covid… A crucial second Easter Week given the Orthodox Easter but with unorthodox combat. Shame! John Faraclas’ brief Market and geopolitics recap:
The BDI (Baltic Dry Index) lost 22 points since last week (14/04) and now reads 2,115…
The Capes’ BCI was down 139 points losing the 1,400 points threshold and now stands at 1,342…
Mini gains for the Panamaxes’ BPI now at 3,079 – up 37 points.
Gains for...
NVOCC broadens presence in strategic markets in response to growing customer demand
CLEVELAND, Ohio, April 18, 2022 –UWL, a top 20 American-owned NVOCC and global logistics solutions provider, is expanding its global footprint with the opening of two new strategically located offices: one in Long Beach, CA and one in Ho Chi Minh City, Vietnam. In addition to enabling localized support to meet customer demand in these markets, this strategic investment also sets the stage for UWL’s continued...
Europe needs action now on inflation to brake loss of euro trust
By Jürgen Stark
The European Central Bank’s asymmetric monetary policy approach, followed for several years, has now become a source of instability – the opposite of what its mandate decrees. After announcement of the 7.5% inflation rate in March, the highest since the euro began, this policy of vacillation has run its course and must now end. The time has come to brake the loss of trust in the ECB and in the stability of the euro....
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
’That sinking feeling has now hit shares in Europe after falls on Wall Street amid concerns that inflationary pressures are still mounting and growing evidence that consumer confidence is suffering amid the cost of living squeeze.
The FTSE 100 and FTSE 250 have opened lower, but there were sharper falls on the DAX in Germany and the CAC 40 in Paris. Worries are resurfacing about an escalation of the war...
Monday, April 11, 2022
One more elderly death linked to pandemic
A 92 year-old resident suffering from coronavirus symptoms has died, the Government announced on the morning of Sunday, April 10…
Monaco’s Leclerc wins decisively in Austraia
Charles Leclerc claimed two wins out of three after coming home first in Sunday’s Australia Grand Prix at a new-look Albert Park Circuit…
April 11-17.
https://allaboutshipping.co.uk/2022/04/11/one-more-elderly-pandemic-death/
The BDI (Baltic Dry Index) approached the danger zone, that of 2,000 points as the fall continued all through the week. Wets as always volatile and peculiar. The Ukrainian mess and damage for humanity will need, at least a generation to “heal” to all intents and purposes; and there is more to come from the spill over. SHAME! Covid spreads again as politicians’ hallucinations “made” them medical scientists… John Faraclas’ daily and weekly recap:
The BDI lost six points since...
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
“The UK has already committed to weaning itself off Russian oil and coal imports by the end of the year but its long term plans to increase energy security are in sharp focus today. Vain hopes that the new energy strategy being unveiled would throw a bill lifeline to struggling households or boost energy...
Thursday, April 7, 2022
Port Authority promises to go up-market as cruise ships return
Cruise ships have come back to Monaco after two years of absence due to the pandemic…
In love and disappointed, Spanish woman took to drugs
A 25 year-old Spanish national has appeared in Monaco Criminal Court charged with possession of a hallucinogenic drug in July last year…
Dutch government preventing 14 Russian yachts leaving The Dutch government said on Wednesday it is currently...
https://allaboutshipping.co.uk/2022/04/07/cruise-ships-return-but-more-up-market/