global trade


Thursday, December 21, 2023
PYXIS PIONEER LPG tanker, registered in Singapore, leaves the Miraflores Locks at the Panama Canal, on the outskirts of Panama City, Panama December 17, 2023. REUTERS/Roberto Cisneros
Shipping

Twin Crises Send Cargo Ships Back to 18th Century Trade Routes

(Bloomberg) — A year that started with smooth sailing for the global economy — vanishing supply snarls, slower inflation and fading pandemic gloom —

December 21, 2023
Total Views: 5555

Monday, December 11, 2023
Containers are seen at Yantian port in Shenzhen, Guangdong province, China July 4, 2019. Picture taken July 4, 2019. REUTERS/Stringer
Shipping

Global Trade to Drop 5% This Year Amid Geopolitical Headwinds

(Bloomberg) — Global trade will decline in 2023 by about 5% from last year’s record as high borrowing costs weigh on economies, US-China

December 11, 2023
Total Views: 676

Friday, November 3, 2023
Close in photo of Maersk ship loaded with containers
Shipping

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: 3061

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

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: 3115

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: 1963

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: 458

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: 787

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: 1424

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: 2084

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: 3244

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: 868

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: 14949

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: 822

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: 1056

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: 728

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: 1924

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: 2691

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: 1520

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: 727

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: 4887