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
FRANKFURT, June 6 (Reuters) – Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of
By Andrea Shalal WASHINGTON, March 27 (Reuters) – Average potential global economic growth will slump to a three-decade low of 2.2% per year
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
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
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
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
By Jamie McGeever ORLANDO, Fla., Feb 27 (Reuters) – Globalization may have peaked, but the resilience of world trade in the face of mounting
San Francisco-based supply chain management and logistics company Flexport has announced it is slashing 20% of its workforce amid the slowdown in global trade.
By Bryce Baschuk (Bloomberg) — The UN said efforts to “friend-shore” manufacturing could weigh on a global trading system that a new report warns
By Jonathan Saul LONDON, Nov 29 (Reuters) – The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in
by Captain John Konrad (gCaptain) There is a large shipping company that’s made record profits in recent years after changing its operational model to bet
By Ellen Zhang and Ryan Woo BEIJING, Nov 10 (Reuters) – China’s usual year-end export surge is in doubt as weak global demand dims a rare
By Bloomberg News (Bloomberg) — China’s exports and imports both unexpectedly fell for the first time in more than two years, with rising risks of a
By John Kemp LONDON, Oct 19 (Reuters) – Global freight volumes have begun to fall as overall consumer and business spending slows and the
The International Monetary Fund has lowered its outlook for the global economy amid high inflation and downside risks on multiple fronts. According to the
GENEVA, Oct 5 (Reuters) – The World Trade Organization forecast a slowdown of global trade growth next year as sharply
(Bloomberg) — Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though
By Rajendra Jadhav, Mayank Bhardwaj and Nigam Prusty MUMBAI, May 14 (Reuters) – India banned wheat exports on Saturday days after saying it was
By Brendan Murray and Michelle Jamrisko Apr 30, 2022, (Bloomberg) —Global supply chains are knotting up from China to Denmark, sparking
By Brendan Murray (Bloomberg) Disruptions in global trade are about to go from bad to worse. With Russia’s invasion of Ukraine early Thursday, energy costs
Join the 109,643 members that receive our newsletter.
Have a news tip? Let us know.Maritime and offshore news trusted by our 109,643 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up