Weekly Newsletter

338 container ships are idled around the world

According to Alphaliner, nearly 6 per cent of the global fleet of container ships is now idle. Alphaliner's tally indicates that 338 ships, totalling about 1.48 million TEUs, are currently idle as freight levels, cargo volumes and port congestion return to pre-COVID-19 levels.

MSC surpassed Maersk as the shipping giant with the best on-time performance

For the first time, MSC surpassed Maersk as the carrier with the best on-time schedule, according to monthly Sea-Intelligence data. Among the 14 major airlines, MSC jumped to the top with nearly two-thirds (63.4 percent) of their flights on time, the best overall performance.

Turkey: $84 billion in economic damage Feared

According to the Turkish Business and Business Federation, the earthquake (magnitude 7.7 and 7.6) could cost the Turkish economy more than $84 billion (about $70.8 billion in housing and construction damage, $10.4 billion in lost income and $2.9 billion in lost labor), accounting for about 10% of GDP.

Japan's corporate price index rose 9.5% in January from a year earlier

According to the Nihon Keizai Shimbun, the Bank of Japan released data on the same day, the Japanese enterprise price index in January this year stood at 119.8, up 9.5% year-on-year. While growth slowed from 10.5% in December 2022, it was still at a high level.

Gabon has become Central Africa's most attractive country for trade

According to Bloom Consulting's 2022-2023 Ranking of Africa's Most attractive Countries for Trade, Gabon ranks first within the Central African Economic and Monetary Community, followed by Cameroon, Congo-Brazzaville, Chad, Equatorial Guinea and Central Africa.

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