global trade


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

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: 1925

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

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: 442

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
News

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: 776

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

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: 1412

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

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: 2070

Friday, August 4, 2023
maersk ship
Shipping

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: 3207

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

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: 856

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

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: 14925

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

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: 794

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

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: 1029

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

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: 716

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

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: 1908

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

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: 2679

Monday, March 27, 2023
ningbo port congestion
Shipping

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: 1503

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

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: 714

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

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: 4865

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

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: 926

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

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: 1026

Monday, February 27, 2023
ningbo port congestion
Shipping

Opinion: World Trade Boom Keeps De-Globalization at Bay

By Jamie McGeever ORLANDO, Fla., Feb 27 (Reuters) – Globalization may have peaked, but the resilience of world trade in the face of mounting

February 27, 2023
Total Views: 1808

Wednesday, January 11, 2023
shipping containers
Shipping

Flexport Slashing Workforce By 20% Amid Global Trade Slowdown

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.

January 11, 2023
Total Views: 1196