OX: UK tour thoughts; Suez update; and more tariffs
And here’s the current narrative
The IMF published its April forecast and apart from a slight upgrade on global GDP growth, the picture remains mixed with quite a few countries, especially in Europe, further downgraded.
There are interesting side comments to the report, which looked deeper into how geopolitical fragmentation is reshaping some trade routes, and the assumption that this trend will not necessarily result in long-term shifts but rather in deviations that increase cost.
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Forwarders 'being squeezed' as spot and contract rates move further apart
More ships and more containers needed for 'feverish' box shipping sector
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Demand for air freight 'perking up', but this puts pressure on capacity
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
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