The global ocean shipping industry that handles 80% of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.
https://gcaptain.com/trump-trade-threats-compound-global-ocean-shipping-uncertainty/
Between the end of 2022 and the beginning of 2023, the great supply chain crisis, which had caused enormous problems throughout the world trade system and made many goods and raw materials unobtainable, eased considerably.
Good News For InflationThis is good news for inflation, of which the trade crisis had been one of the factors, but we must bear in mind that the crisis is not entirely over: in many sectors there are still shortages of raw materials, as we are...
https://mfame.guru/is-the-world-trade-crisis-nearing-its-end/
New research by the World Trade Organization and the World Customs Organization indicates that there are trade gains to be made from widespread adoption of new, advanced, data technologies but a variety of issues, such as data privacy, a lack of expertise, and information accessibility – among others – can hinder...
Shipping Australia welcomes the news that the Panama Canal Authority has announced that it will postpone the price hikes on canal transit fees that were due to come into effect on Thursday 15 April 2021.
The 77km-long Panama...
https://shippingaustralia.com.au/temporary-postponement-of-panama-canal-price-hikes-is-welcome/
According to an article published in Daily Times, Supply-chain bottlenecks in global shipping and semiconductor markets are adding to near-term pressures on inflation, amplifying the impact of higher commodity prices and base effects from price falls in spring last year, said Fitch Ratings in its latest Economics Dashboard.
World Trade’s MarketGlobal manufacturing demand is recovering strongly, reflecting buoyant demand for electronics and other durable goods from homebound consumers,...
https://mfame.guru/shipping-rates-add-pressure-to-global-inflation-says-flitch/
The CMA CGM Group said that despite the financial and operational challenges posed by the coronavirus pandemic, it was able to turn in a solid first-quarter performance that included a net profit of $48 million.
CMA CGM said other Q1 achievements included increased liquidity, improved operating margin and initiatives toward carbon neutrality.
“The good results of the first quarter demonstrate the strength and the resilience of the group,” said Rodolphe Saadé, chairman and chief executive officer...
https://s29755.pcdn.co/news/cma-cgm-reports-48-million-profit-receives-1-18-billion-loan
World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. WTO economists expect merchandise trade volume growth to fall to 2.6% in 2019 — down from 3.0% in 2018. Trade growth could then rebound to 3.0% in 2020; however, this is dependent on an easing of trade tensions.
WTO Director-General Roberto Azevêdo said: “With trade tensions running high, no one should be surprised by...
https://container-news.com/wto-global-trade-growth-loses-momentum/