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Think Tank
Global Trade & Economics: Page 159
U.K. Government Launches New Supply Chain Resilience Strategy
The strategy was launched by the Minister for Industry and Economic Security, Nusrat Ghani, during a visit to Heathrow Airport in London, the U.K.’s largest import hub.
Consumer Market Analysts Cautiously Optimistic for 2024 at NRF Conference
A panel of experts at the National Retail Federation’s NRF’24 conference in New York said the retail market had a strong holiday season, and would likely continue to thrive.
OPEC Sees Robust Oil Demand Next Year in First Look at 2025
Oil markets are set to remain in deficit through to the end of 2025 unless Saudi Arabia and its allies boost output significantly.
Continued Red Sea Attacks Could Cause Inflation, Shipping Rates to Rise
Mohamed El-Erian, the former CEO of the investment management firm PIMCO, warned that shipment disruptions caused by Houthi attacks could cause shipping costs to increase while hindering global economic growth.
Hapag-Lloyd Maersk Partnership Means Shake-up in Global Shipping Alliances
The new cooperation between Hapag-Lloyd and Maersk will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU); Maersk will deploy 60% and Hapag-Lloyd 40%.
Port of LA Ends 2023 with Five Straight Months of YoY Growth
The Port of Los Angeles ended up handling roughly 8.6 million TEUs in 2023, a 13% drop off when compared to 2022.
Chevron Still Plans to Ship Cargo Along Red Sea Route, CEO Says
The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.
World’s Biggest Uranium Miner Warns of Production Shortfall
Kazatomprom said January 12 that shortages of sulfuric acid and construction delays at newly developed deposits are creating production challenges that could persist into 2025.
U.S.-Owned Cargo Ship Near Yemen Hit by Missile
The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.
Tesla Pausing German Factory Operations Citing Red Sea Disruptions
Tesla is one of the first companies in the world to disclose that Houthi militant attacks in the Red Sea caused the organization to suffer output disruptions.
China’s Chip Output May Double in Five Years, Barclays Says
Most of that additional production capacity could be added in the next three years, based on an analysis of 48 chipmakers with fabrication plants in mainland China, the research showed.
UN Security Council Demands End to Red Sea Houthi Attacks
The resolution also called on the Houthis to release the Galaxy Leader, a Japanese-operated car carrier linked to an Israeli businessman that was commandeered by the group November 19.
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