The regular macroeconomic data tell a tale of more of the same. US data shows upgraded Q2 GDP growth of 3.0% annualised, inflation of 2.7% unemployment of 4.2% and a cut in the Fed Funds 25 basis points to a range of 4.00% to 4.25%, since cut by a further 0.25%. Chinese GDP growth in Q2 was 5.2%; August inflation was -0.4%, August unemployment was 5.3% and the 1 year policy rate in September was 3.0%. In Japan, GDP growth for Q2 has been revised up to 2.2%; inflation was a 2.

De-dollarisation and inflation hedging strategies can include ships Russia relies on Indian and Chinese buyers of its oil to fund its war...

If you have heard me speak to an audience in the last five years, you may have heard me talk about the 6 D's of shipping’s future in the...

China embraces the global south in counter to America First doctrine This is an excerpt from our latest Shipping Markets Monthly. To...

In contrast to the IEA’s bearish view on oil demand growth that it reported last week, this week OPEC has produced its oil demand...

While the US and Israel attacked Iran, US President Donald Trump also had to worry about rising oil prices just as the US driving season...

April 20th is the date to watch. Here's why. L'etat, c'est Trump Here are direct quotations from President Trump's executive order...

Driving America into a New Golden Age! Automotive manufacturing world-wide generated over $3 Tn in sales of cars and their parts in 2024....

Where does a post-Brexit Britain fit into the new multi-polar world and what are the implications for trade? In the years since Russia's...

Kong Hei Fat Choi! Happy Lunar New Year! In the year of the wood snake, according to a Chinese horoscope I consulted, business will do...

This arrived unsolicited in my email inbox on Sunday evening: QUOTE Subject: Stopping the sanctions imposed on vessels listed on the ban...

During this first quarter of the 21st century we have become accustomed to China driving global economic growth. The world’s economists...

This week I visited Athens as the guest of FONASBA, the Federation of National Associations of Ship Brokers & Agents. This year is their...

Shipping demand is governed by global production levels but also by shipping's own productivity. The latter is endangered by the energy...

MACRO Macchiato 2024 07 29 We are, it is generally acknowledged, near the top of the interest rate cycle. Since 2022, the US Federal...

Are disappointing economic news and increasing tension in the South China Sea connected? A wave of unwelcome economic data from China has...

In the 23 hours since I published my last Macro Macchiato post in which I argued that China, India and Saudi Arabia's actions show that...

In a world where deglobalization has become the fashionable political sentiment, the idea of isolationism seems increasingly popular. Yet...

China's National People's Congress speech parsed for nuggets of useful information. The Chinese National People’s Congress (NPC) happened...

There has been a Capesize S&P “frenzy” so far in 2024, as one shipping paper put it as it reported the sale of the 181,400 Dwt, 2014...