Yang Ming 'under pressure' from shippers demanding contract rate cuts
Yang Ming chief operating officer Chang Chao-feng has admitted that, as spot rates fall, the ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
In not exactly good news for container lines hoping to fill their boxship behemoths this year, the International Monetary Fund yesterday lowered its 2015 growth forecast for the global economy from 3.8% to 3.5% in a largely downbeat report. It appears from the IMF’s comments that lower oil prices, which in general support growth, will be more than offset by “persistent negative forces” at work in the major economies of the world – with the lone bright spot being the fracking-boosted US. This begs the question: how much gloomier would the IMF report have been without the oil price reduction?
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