Japan’s Q2 GDP growth revised down; softer consumption to test BOJ policy
Japan’s economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in…
German minimum wage should exceed 15 euros, labour minister says
Germany should raise its minimum wage to over 15 euros ($16.59)per hour from 2026, Labour Minister Hubertus Heil told a…
UK labour market loses steam in August, recruiters say
Britain’s labour market cooled noticeably last month as job placements fell sharply and pay growth slowed, according to a survey…
East Coast spot rates plunge as peak-season imports shift to West Coast
Spot rates from Asia to the US East Coast are dropping faster than in past years as carriers route discretionary…
Rising Asian thermal coal imports driven by Japan, S.Korea
Asia’s imports of seaborne thermal coal ticked up in August to the highest in eight months, but the strength was…
US LNG export dominance tested as Europe’s demand wilts
The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep…
Kuwait Petroleum became top jet fuel supplier to northwest Europe in 2024
Kuwait Petroleum Corp (KPC) was the top jet fuel supplier to northwestern Europe last year and is looking to expand…
Tanker Market: Will Unrest in Libya Have a Larger Impact on Rates?
Libya’s oil production is once again affected by local turmoil. In its latest weekly report, shipbroker Intermodal said that “Libya’s…
Steady demand for US-bound shipments keeps container prices from crashing
The global container shipping industry continues to witness an increase in freight demand for US bound shipments as 59% of…
FBX Index September 2024: Looking forward
Futures prices remained as volatile as their physical rate counterparts in August, which reflects the revised physical market expectations following…