World maritime trade lost momentum in 2018 as heightened uncertainty, escalating trade tensions between the US and China, and mounting concerns over other trade policy and political crosscurrents, notably a no-deal Brexit, sent waves through global markets, according to the UN Conference on Trade and Development’s (UNCTAD) Review of Maritime Transport 2019. Volumes in the … [Read more...]
Global Container Ports Facing Greatest Threats Yet – Report
By Gavin van Marle (The Loadstar) - Container terminal operators are facing higher risks than at any time in the industry’s history, according to a new report. And Container Terminals: Paths to Profitability suggests future investment by operators and investors will need to be more carefully considered than ever before. The 221-page report by industry veterans Remco … [Read more...]
DP World Reports Lower Global Volumes in Third Quarter
DUBAI, Oct 22 (Reuters) - Port operator DP World reported on Tuesday a third quarter decline in cargo handled across its global portfolio as volumes fell in Dubai for a sixth consecutive quarter. The operator said it handled 18 million twenty foot equivalent unit (TEU) containers in its ports in the three months to Sept. 30, down 1.6% on the same period a year ago. It … [Read more...]
Shipping Data Shows Weakness in Global Economy
By Lisa Baertlein and Matthias Inverardi LOS ANGELES/DUSSELDORF, April 2 (Reuters) - The volume of U.S. ocean cargo imports arranged by Deutsche Post's DHL Group, United Parcel Service Inc, FedEx Corp and other freight forwarders fell sharply in February, sending a warning on global trade, a key barometer for the world economy. Though just a sliver of the global delivery and … [Read more...]
Shipping Remains ‘Cautiously Optimistic’, But Wary of Protectionism
By Alex Lennane (The Loadstar) - Protectionist trade policies are continuing to spook the global maritime sector, although a newly released report suggests the industry has “cautious optimism”. The Navis Business Bellwether report, conducted by Business Performance Innovation (BPI), surveyed more than 174 maritime executives on expectations and fears for the coming … [Read more...]