Weekly Newsletter

China's manufacturing PMI rose to 50.1% in January

According to the data released by China's National Bureau of Statistics on January 31, the purchasing managers' index (PMI) of China's manufacturing industry rose to 50.1% in January, up 3.1 percentage points from the previous month, rising above the critical point.

Australia's inflation is up 7.8% year on year

According to the recent data released by the Australian Bureau of Statistics, in the fourth quarter of 2022, the consumer price index (CPI) of Australia rose by 1.9% on a month-on-month basis and by 7.8% year-on-year, which was the highest year-on-year growth rate since 1990. The statement also said prices for new homes, food and motor fuel rose in all four quarters of 2022.

Maersk and MSC agreed to end 2M alliance operations

Recently, Maersk and MSC jointly announced that they have agreed to end the 2M alliance operation since its establishment in 2015, with a specific termination date of January 2025. The 2M alliance is a joint container shipping agreement established by Maersk and Mediterranean Line. The original purpose of the agreement is to ensure that both parties can carry out competitive and cost-effective operations on Asia-Europe, trans-Atlantic and trans-Pacific routes.

China Shipbuilding Group's global market share jumped to nearly 30 per cent

According to data released by China State Shipbuilding Group, the total number of large LNG carrier orders signed in 2022 reached 49, with the contract value exceeding 10 billion US dollars, and the global market share of total orders jumped from less than 7% in 2021 to nearly 30% in 2022.

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