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Wall Street Journal (March 20)

2019/ 03/ 22 by jd in Global News

“Global investors, who have enjoyed an excellent start to 2019, received some unsettling news from FedEx Corp.” The “weak results from the shipping giant bode poorly for the global economy, and investors don’t seem ready for a slowdown.”

 

LA Times (November 5)

2018/ 11/ 07 by jd in Global News

Though the “Trump administration slapped tough U.S. sanctions on Iran’s energy, banking and shipping industries,” there are “gaping holes” as the White House “granted waivers to the six largest importers of Iranian oil.” China, India, South Korea, Turkey, Italy and Japan accounted for “more than 75% of Iran’s oil exports last year.”

 

Inc (September Issue)

2018/ 09/ 24 by jd in Global News

SwanLeap has become “the fastest-growing private company in America.” Based in Madison, Wisconsin, the company “uses an artificial intelligence platform and custom software to help huge manufacturers, retailers, and other clients save money on shipping, and better manage their supply chains.” In 2013, SwanLeap’s first year revenues totaled $110,000. In 2017, the firm took in “just shy of $100 million, good for a nosebleed-inducing three-year growth rate of 75,660.8 percent.” In 2018, it’s aiming for $500 million.

 

Nikkei Asian Review (November 24)

2016/ 11/ 27 by jd in Global News

So-called slow trade, “in which global trade volumes grow more slowly than the world economy” and, for that matter, shipping capacity, is playing havoc with shipping companies. “With weak industry fundamentals likely to persist, the world’s shipping lines seem to be entering a war of attrition, with a focus on achieving economies of scale through acquisitions. It is a war in which further casualties seem inevitable.”

 

The Economist (September 22)

2016/ 09/ 23 by jd in Global News

“There is an easy way out of the crisis in shipping. If enough lines scrapped their ships, the amount of spare capacity in the industry would fall.” But this is easier said than done. Few players want to scrap enough of their own capacity. “Until some serious scrapping takes place, do not be surprised if more shipping lines declare bankruptcy.”

 

Bloomberg (December 10)

2015/ 12/ 11 by jd in Global News

“Investors betting that China’s near-insatiable appetite for industrial raw materials will drive global economic growth may want to skip the shipping news. For the first time in at least a decade, combined seaborne imports of iron ore and coal — commodities that helped fuel a manufacturing boom in the world’s second-largest economy — are down from a year earlier.”

 

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