World Economy News

29 Apr 2016
Intra-Asia trade will increasingly benefit from the rapid growth of consumption in Asia as a higher percentage of cargo is shipped to end markets in the region instead of to destinations in other parts of the world.
02 Mar 2016
Chinese industrial overcapacity and a global commodity collapse will contribute to economic growth being stuck in low gear this year at about 2.5 percent, IHS Chief Economist Nariman Behravesh told the 2016 TPM Conference in Long Beach on Monday. He warned trade won't recover this year, and when it does in the next two years, it will not recover to the rates seen in the 1990s and 2000s when the growth was double that.
02 Mar 2016
Chinese industrial overcapacity and a global commodity collapse will contribute to economic growth being stuck in low gear this year at about 2.5 percent, IHS Chief Economist Nariman Behravesh told the 2016 TPM Conference in Long Beach on Monday. He warned trade won't recover this year, and when it does in the next two years, it will not recover to the rates seen in the 1990s and 2000s when the growth was double that.
19 Feb 2016
Brazilian chicken exporters are making the most of a cheap and devalued currency to boost worldwide sales by attending a number of food and beverage expositions with a view to increasing exports by more than 10 percent by the end of this year, according to industry association ABPA.
18 Feb 2016
The election of Mauricio Macri as president of Argentina could see the the long-diminished Mercosur trading bloc once again become a serious force and help its members forge successful trade pacts with the EU and the North American Free Trade Agreement member nations, and possibly even its west coast of South America rival, the Pacific Alliance.
19 Jan 2016
India’s merchandise exports fell for the 13th month in a row in December, the longest streak of declines on record, but at a slower pace than the previous four months, according to preliminary foreign trade figures published by the Ministry of Commerce and Industry.
13 Jan 2016
China’s transport infrastructure and trade-focused regional development plans, together with an increasing number of trade liberalization agreements, will support Asia Pacific in remaining the fastest growing and most dynamic region in the world economy in 2016.
06 Jan 2016
If an uncertain global economy wasn’t enough for shippers and transportation providers, 2016 will be filled with major changes, from the massive container shipping weight mandate to liner consolidation. Other threats and opportunities will likely emerge during the year, but the 10 trends outlined here will definitely be in play and impact global supply chains. Don’t say we didn’t warn you.
16 Dec 2015
A lack of global demand continues to drag down India’s export performance and the passage of the Trans-Pacific Partnership could further impact the country’s exports.
02 Dec 2015
Despite signs that South Africa’s economy will enter a slowdown next year, container volume through Africa’s second-largest economy is forecast to rise in the mid-single digits.
16 Oct 2015
The benefits of the recently agreed Trans-Pacific Partnership on Asia-U.S. trade will not be felt immediately, but the 11-nation deal will have an impact on volumes in the longer term, according to JOC senior economist Mario Moreno.
17 Sep 2015
Household spending in the U.S. and European Union will revive flagging container shipping demand in the second half, a chief shipping analyst at BIMCO said.
02 Sep 2015
While economists debate the growth and prospects of the BRIC nations of Brazil, Russia, India, and China, their global container trade volumes reflect many of the difficulties that have been the focus of headlines around the world.
29 Aug 2015
China’s devaluation of the yuan may not kick off a currency war around the world, but it’s already triggered similar moves in Asia, and that’s potentially great news for U.S. retailers, the dominant importers of U.S. containerized products such as apparel, footwear and furniture.
17 Aug 2015
India’s merchandise exports slumped for the eighth month in a row in July, but at a slower rate of decline despite well-publicized troubles at the country's largest container facility, according to new provisional trade figures released by the Ministry of Commerce and Industry.
17 Jul 2015
India’s merchandise exports to the rest of the world fell for the seventh successive month in June, representing a serious setback for New Delhi’s long-term goal of doubling its global outbound trade over the next five years.
07 Jul 2015
A Tokyo-based research firm has downgraded its outlook for Japanese container trade in fiscal 2015, which started on April 1, citing a significantly slower pace of growth in imports than previously anticipated.
17 Jun 2015
In an ominous sign for its export-reliant economy, Japan’s red-hot merchandise trade with the United States lost some steam in May after expanding by more than 20 percent in March and April.
16 Jun 2015
India’s merchandise exports fell for the sixth consecutive month in May, the longest streak of declines since 2009, even as the Narendra Modi-led government rolled out a spate of schemes to stimulate manufacturing output and spur domestic demand.
10 Jun 2015
Cargo theft more than doubled in the United Kingdom in the first quarter and rose 17 percent in the Netherlands, Europe's biggest container hub, according to data released by the Transported Asset Protection Association. The problem, however, is global.
US, Japan flags
25 May 2015
Merchandise trade between Japan and the United States is expanding at a breakneck pace, as Japan’s exports and imports both charged ahead by more than 20 percent for the second straight month in April on a year-over-year basis.
20 Apr 2015
In a major setback for the new Narendra Modi-led Indian government’s aggressive effort to rev up the economy, the nation’s merchandise exports for fiscal year 2014-15, which ended March 31, fell far short of the targeted $340 billion, according to preliminary trade figures released by the Ministry of Commerce and Industry.
16 Apr 2015
U.S. exports of logs and lumber via ocean container declined year-over-year in January for the fourth consecutive month, partly because of declining demand from China and unfavorable exchange rates.
14 Apr 2015
A U.S. dollar in hyperdrive is helping exporters in some trading nations and setting the stage for a surge of U.S. imports.
20 Mar 2015
The British government will consider ways to reduce a shortage of truck drivers that shippers and carriers say threatens economic growth in the U.K., including finding funds for driver training.
16 Mar 2015
India’s merchandise exports in February plunged 15 percent from a year earlier to $21.5 billion, following an 11.2 percent decrease in January, marking the lowest value in three years, according to provisional figures released by the Ministry of Commerce and Industry.
04 Mar 2015
The U.S. needs to boost its exports to fast-growing emerging markets, but it faces a number of barriers that stand in the way of a more balanced trade, Walter Kemmsies, chief economist of port design consultancy Moffatt & Nichol, told a panel at the 15th annual TPM Conference on Tuesday.
02 Mar 2015
Global economic growth will accelerate next year driven by lower energy prices, a resurgent U.S. consumer as a global driver of growth, and stimulus measures being imposed by multiple central banks, IHS Chief Economist Nariman Behravesh told the 2015 TPM conference in Long Beach on Monday.
19 Feb 2015
In an encouraging sign for the still-struggling Japanese economy, the nation’s exports got off to a powerful start this year, with shipments to the U.S. and some other major trading partners in January rising at a double-digit pace compared to the prior year.
14 Feb 2015
India’s merchandise exports tumbled 11.2 percent year-over-year in January, the lowest level since July 2012, but a steeper decline in imports helped pull the country’s monthly trade imbalance with the rest of the world down to an 11-month low, according to provisional trade data released by the Ministry of Commerce and Industry.
16 Jan 2015
India’s trade deficit with the rest of the world narrowed to a 10-month low in December, as imports declined more than exports, according to the latest trade data released by the Ministry of Commerce and Industry.
07 Jan 2015
Following a strong end to 2014, global air freight demand will rise 4.5 percent in 2015, outpacing the growth of world trade, the International Air Transport Association says.
30 Dec 2014
Western ocean carriers, port operators and freight forwarders are bracing for a slump in Russia’s freight traffic as the nation heads for recession and double-digit inflation in 2015.
19 Dec 2014
The Japanese government has recently expressed concern to the U.S. government regarding the delays of U.S. forage exports because of U.S. West Coast port congestion, according to an agriculture shipper group.
17 Dec 2014
Japan’s trade surplus with the United States expanded by a whopping 20.4 percent in November on a year-on-year basis, as exports grew relatively strongly while imports fell, according to preliminary trade figures released by the Japanese Finance Ministry on Wednesday