global trade

Friday, November 3, 2023
Maersk Slumps After Forecasting Weak Global Trade Until 2026

Maersk Slumps After Forecasting Weak Global Trade Until 2026

(Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, fell after saying it’s cutting at least 10,000 jobs to shield its profitability in

November 3, 2023
Total Views: 1243

Saturday, October 14, 2023
hapag-lloyd containership. photo REUTERS/Fabian Bimmer

Hapag Lloyd Expects Three Tough Years For Shipping Industry

BERLIN, Oct 14 (Reuters) – The head of German shipping firm Hapag Lloyd HLAG.DE, Rolf Habben Jansen, expects the next three years to be difficult

October 14, 2023
Total Views: 3007

Wednesday, October 4, 2023
A container terminal at the Port of Saint-Petersburg, Russia. January 9, 2023

The 4 Billion Pieces of Paper Keeping Global Trade Afloat

(Bloomberg) — They are relatively easy to fake. Frequently get lost. And can add huge amounts of time to any journey. Yet paper documents still rule

October 4, 2023
Total Views: 1775

Tuesday, September 12, 2023
Flexport CEO Ryan Petersen at Davos

Petersen Returns to Revive Flexport Profits, Trade-for-All Goals

(Bloomberg) — Flexport Inc. founder Ryan Petersen said ex-Chief Executive Officer Dave Clark’s ouster means the once high-flying freight technology

September 12, 2023
Total Views: 386

Wednesday, September 6, 2023
FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, as it sails in the Strait of Gibraltar towards the port of Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo

Global Trade Finance Gap at Record $2.5 Trillion, Says ADB

(Bloomberg) — The global trade finance gap jumped to a record $2.5 trillion last year, as heightened economic risks left banks’ financing capacity

September 6, 2023
Total Views: 731

Friday, August 11, 2023
containership viewed from ship's bridge singapore

Hard Landing for Trade Roils World Export Champs

(Bloomberg) — As economists gauge the likelihood of recessions in major economies around the world, a slew of recent data show that a downturn is already

August 11, 2023
Total Views: 1367

Tuesday, August 8, 2023
Tiangin,,China. Photo: ambient_pix /

China’s Trade Plunges More Than Forecast in Blow to Recovery

(Bloomberg) — China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a

August 8, 2023
Total Views: 2012

Friday, August 4, 2023
maersk ship

Maersk Warns of Slower Demand For Container Shipping

COPENHAGEN, Aug 4 (Reuters) – Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by

August 4, 2023
Total Views: 3103

Thursday, August 3, 2023
Aerial shot of big Jebel Ali container port

Global Shipping Costs Creep Higher After 16-Month Freefall

(Bloomberg) — Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean-freight costs that

August 3, 2023
Total Views: 801

Friday, July 14, 2023
Tiangin,,China. Photo: ambient_pix /

China’s Worse-Than-Expected Exports Deal New Blow to Economy

(Bloomberg) — China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak, with a darkening global growth outlook

July 14, 2023
Total Views: 14891

Wednesday, July 12, 2023
File photo of a containership in port

Temasek’s PSA Shelves $4 Billion Hutchison Ports Stake Sale, Sources Say

(Bloomberg) — PSA International Pte has shelved plans to sell its minority stake in the ports business of Hong Kong’s CK Hutchison Holdings Ltd. amid

July 12, 2023
Total Views: 683

Wednesday, June 21, 2023
Aerial view of a container ship

UNCTAD: Positive Start, Pessimistic Outlook for Global Trade in 2023

Trade growth was positive for both goods and services in the first quarter of 2023, according to the UNCTAD’s latest Global Trade Update report. However the

June 21, 2023
Total Views: 963

FILE PHOTO: Shipping containers are stacked at Gwangyang port in Gwangyang, South Korea, June 14, 2022. Yonhap via REUTERS

South Korea Early Exports Hint at Budding Global Recovery

(Bloomberg) — South Korean exports offered an early sign of improvement in global trade after their first year-on-year gain since last summer.

June 21, 2023
Total Views: 651

Monday, June 12, 2023
port of los angeles-long beach. photo REUTERS/Lucy Nicholson

Charting the Global Economy: Weak Trade Shows China Struggling

By Vince Golle and Molly Smith (Bloomberg) — Fresh trade data out of China added to evidence that the world’s second-largest economy is struggling for

June 12, 2023
Total Views: 1859

Tuesday, June 6, 2023
FILE PHOTO: Shipping containers are stacked at Gwangyang port in Gwangyang, South Korea, June 14, 2022. Yonhap via REUTERS

Low Container Shipping Freight Rates Unsustainable, Says Hapag Lloyd CEO

FRANKFURT, June 6 (Reuters) – Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of

June 6, 2023
Total Views: 2622

Monday, March 27, 2023
ningbo port congestion

World Bank Warns of ‘Lost Decade’ in Global Growth 

By Andrea Shalal WASHINGTON, March 27 (Reuters) – Average potential global economic growth will slump to a three-decade low of 2.2% per year

March 27, 2023
Total Views: 1455

Thursday, March 23, 2023
Aerial view of a container ship

Global Goods Trade Softening from 2022’s Record Level

By Bryce Baschuk (Bloomberg) — International commerce soared to a record of $32 trillion in 2022, but goods trade growth is expected to increase by only

March 23, 2023
Total Views: 681

Monday, March 13, 2023
Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California

Fewer Containerships in U.S. Waters Reveals Trade Slowdown

By Kevin Varley (Bloomberg) — The number of container ships in US coastal waters has fallen to less than half of the count a year earlier, in the latest

March 13, 2023
Total Views: 4776

Wednesday, March 8, 2023
U.S. Trade Deficit Grows to Start the Year

U.S. Trade Deficit Grows to Start the Year

By Reade Pickert (Bloomberg) — The US trade deficit grew to the widest in three months at the start of the year, reflecting a pickup in imports of

March 8, 2023
Total Views: 874

Wednesday, March 1, 2023
Aerial view of a container ship

WTO Sees Slowdown of Global Goods Trade Growth Being Short-Lived

GENEVA, March 1 (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of

March 1, 2023
Total Views: 1003


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