OceanX radar: Doom & gloom at the IMF; China's new plan; Bought in the US of A
Here comes the rain again
With so much of the freight industry’s fortunes resting on the Chinese economy, it’s little surprise that we spend so much time analysing the stats and figures. The common wisdom goes that, as long as GDP growth remains at 7% or above, we’ll be alright. But can its government’s numbers be trusted? Not according to Quartz, which has derided the latest GDP figures, claims they are “manufactured” and asks why they even need to continue. “It’s a little unclear why the government, having committed itself to slowing the economy in order to embrace reform, needs these moral hazard-inducing GDP targets at all anymore.”
The 'mother of all BAFs' looms for shippers as green targets advance
First shipper uses new land-air corridor ex-India for Bangladesh exports
Maersk idles more ships while NOOs see a rebound in demand
Container shipping can see ‘green shoots’ of freight demand recovery
Forwarding M&A round-up: plenty of action making smaller headlines
Shippers advised to give strike-hit port of Hamburg a miss
Some ocean trades stabilising, but transatlantic rates still falling
Retailers warn of challenging orderbooks amid continued high inventory
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