March log market report
An over-supply of logs to China is depressing prices. Reduced shipping costs and a lower NZD alleviated some of the fall in March, but a substantial retreat is expected in April
Source: interest.co.nz
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UK factories cut production for 11th month in a row amid tensions in Red Sea
Dominant services sector expanded more than expected, boosting overall outlook for British economy, according to survey
Source: theguardian.com
Shipping Is Disrupted by Red Sea Attacks, Panama Drought. It Means Higher Rates.
Shipping stocks have soared. Higher rates will mean more revenue and profits.
Source: marketwatch.com
Red Sea attacks threaten Asia's holiday food imports, rattle supply chains: 'stakes are high'
Logistics and forwarding companies say the situation is resembling a milder version of the supply chain crisis seen during the worst of the pandemic.
Source: scmp.com