Whack, whack whack: it's my winter almanac
Goodbye 2022 … uh oh, here comes 2023
Oil prices are on the increase again, and pretty quickly too, leading some to wonder what will happen to carriers that have managed to overcome overcapacity woes via cheap fuel. What will happen to those balance sheets once fuel returns to the levels of a few years ago? In this fascinating Bloomberg interview, Norway’s petroleum and energy minister, Tord Lien, says it is unlikely and takes the unusual position – for a country dependent on hydrocarbon prices – that it shouldn’t happen. “It’s better to plan for $60 and let the people who want to hope for $100, hope for $100,” he said. “We saw oil prices hitting $140 a barrel, and that does not contribute to economic growth. So therefore I’m not hoping for it.”
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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