Eurozone industrial production falls once again in May
May marked the first decline in eurozone production since January and puts activity just below the January level. Recent months…
Hyundai Receives $2.7B Order for Containerships Linked to CMA CGM
South Korean shipbuilding group HD Korea Shipbuilding & Offshore Engineering received a large order for new containerships which the company…
Kuwait Announces "Giant" New Oilfield Discovery in Persian Gulf
On Sunday, Kuwait’s national oil company announced the discovery of a “giant” oil find, large enough that its reserves equal…
German Port Workers to Vote on Contracts Proposals After Multiple Strikes
Germany’s Ver.di union has decided to present two possible alternatives for a new dockworkers’ contact to the membership for comments…
Houthis Launch New Wave of Attacks but One Bomb Boat Fails to Explode
Vessels sailing in the Red Sea are reporting attacks today believed to have been launched by the Houthi rebels, but…
South Korea’s KOMIPO seeks LNG for September delivery
South Korea’s Korea Midland Power Co (KOMIPO) is seeking 3.2-3.8 trillion British thermal units (Btu) of liquefied natural gas (LNG),…
US back-to-school spending to remain muted in 2024, Deloitte says
Back-to-school spending this year is expected to be flat or lower in the United States, as shoppers dial down on…
What you need to know about the 2024 US presidential election
America has never seen anything like the 2024 presidential race. A former president, Donald Trump, is set for a rematch…
China’s economy falters, raises pressure for more stimulus
China’s economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked…
Large forwarder acquisition activity, advent of AI puts pressure on mid-size NVOs
Mid-size NVOs are always under pressure from an M&A perspective, say market observers, and the current freight rate environment is…