Home » Posts tagged 'shipping' (Page 3)
Tag Archives: shipping
“Ground Zero For Trade” – Port Of Long Beach Warns Of Shipping Slump From China
“Ground Zero For Trade” – Port Of Long Beach Warns Of Shipping Slump From China Investors are grossly underestimating the potential economic impact of Covid-19 as the first signs of China’s supply chain meltdown are now washing ashore on US West Coast ports. The Port of Long Beach, the second-largest containerized port in the US, has had […]
‘Weak Start To The Year’ – Maersk Warns Paralyzed Chinese Factories To Damage Global Economy
‘Weak Start To The Year’ – Maersk Warns Paralyzed Chinese Factories To Damage Global Economy A.P. Moller-Maersk A/S, the world’s largest container shipping company, warned Thursday that the Covid-19 outbreak in China, and quickly spreading across the world, would hit earnings this year. Maersk said factories in China are currently operating at 50-60% of capacity because the economy has ground […]
Garbage-In, Garbage-Out – Uncertainty Goes Viral As Baltic Dry Crashes Near All-Time Low
Garbage-In, Garbage-Out – Uncertainty Goes Viral As Baltic Dry Crashes Near All-Time Low Uncertainty Let’s revisit the chart from Friday’s T-Report where we examine stocks, bonds, and oil. Oil Didn’t Buy into the Bounce At the start of the week, stocks retraced all of their coronavirus losses, but treasuries only retraced a portion and commodities […]
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start The US on Monday (Nov 5) is reimposing disciplinary measures targeting Iran’s oil, shipping, insurance, and banking sectors in what US Secretary of State Mike Pompeo called “the toughest sanctions ever placed” against Iran. In response, Tehran has reportedly turned off all oil tanker […]
The Upside Of ‘Global Warming’
The Upside Of ‘Global Warming’ An interview from the Russian Ministry for Maritime and River Transport published on website PortNews says that Arctic ports along the Northern Sea Route are experiencing a surge in cargo. Up to August 24th of this year, 9.95 million tons of goods went through ports in the region, an 81 […]
World’s Largest Shipping Company Collapses As Trade War Reality Strikes
World’s Largest Shipping Company Collapses As Trade War Reality Strikes While US equity markets (well a few mega-cap tech stocks anyway) have remained resilient in the context of rising protectionist fears, theworld’s largest shipping company is seeing its stock eviscerated as investor anxiety over trade wars finds an outlet that makes rational sense. A.P. Moeller-Maersk […]
Surging Freight Costs Fire Up Inflation Fears
Surging Freight Costs Fire Up Inflation Fears “Pricing power has erupted…” The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. The surge in e-commerce with all the transportation challenges it brings along has been a boon for the industry. Shipments have soared, […]
“Tremendous Ripple Effects” – Retailers Demand Bailout After Hanjin Collapse Paralyzes Trade
“Tremendous Ripple Effects” – Retailers Demand Bailout After Hanjin Collapse Paralyzes Trade When we first reported about the imminent paralysis of an unknown number of global supply chains and a potential shock in worldwide trade as a result of the historic bankruptcy of Hanjing Shipping, one of the world’s largest container shipping companies which handles 8% of […]
Diesel is finite. Trucks are the bedrock of civilization. So where are the battery electric trucks?
Diesel is finite. Trucks are the bedrock of civilization. So where are the battery electric trucks? Introduction to battery electric trucks Heavy-duty diesel-engine trucks (agricultural, cargo, mining, logging, construction, garbage, cement, 18-wheelers) are the main engines of civilization. Without them, no goods would be delivered, no food planted or harvested, no garbage picked up, no […]
“Worse than 2008”: World’s Largest Container Carrier on the Slowdown in Global Trade
“Worse than 2008”: World’s Largest Container Carrier on the Slowdown in Global Trade “Massive Deterioration,” the CEO called the phenomenon. “Bellwether for global trade,” that’s how the Financial Times described Maersk Lines, the world’s largest container shipping company. It’s owned by Danish conglomerate AP Møller-Maersk, which also owns, among other divisions, Maersk Oil. The conglomerate reported fourth quarter […]
“It’s Worse Than 2008”: CEO Of World’s Largest Shipping Company Delivers Dire Assessment Of Global Economy
“It’s Worse Than 2008”: CEO Of World’s Largest Shipping Company Delivers Dire Assessment Of Global Economy Earlier today, we highlighted the rather abysmal results reported by Maersk, the world’s largest shipping company. To the extent the conglomerate is a bellwether for global growth and trade, things are looking pretty grim. Maersk Line – the company’s […]
When Trucks Stop Running, So Does Civilization. Energy and the Future of Transportation.
When Trucks Stop Running, So Does Civilization. Energy and the Future of Transportation. Also see: When Trucks Stop Running: Table of Contents, Preface, References Virtually everything in our homes, everything in our stores, got there on a truck. Prior to that, 90 percent of those items were transported on a ship and/or a train. If trucks, […]
The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low
The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday. I have written a number of articles lately about the dramatic slowdown in global trade, but I […]
Overcapacity “will be even greater than in 2009.”
Overcapacity “will be even greater than in 2009.” “I would be open to the possibility” of reducing the fed funds rate “even further” and go negative, explained Minneapolis Fed President Narayana Kocherlakota on Thursday. Some folks just don’t get it. Here are the results of seven years of global QE and zero-interest-rate policies: Global demand […]
Container Shipping Rates from China to US, Europe Collapse
Container Shipping Rates from China to US, Europe Collapse “Sluggish westbound volumes have brought about the worst spot market rate collapse that this trade has experienced.” That’s how Drewry Maritime Researchsummarized it in a report a couple of weeks ago. Since then, the collapse of the rates for shipping containers from China to the West has […]
