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Global sea freight industry kicks off 2024 with record high ratesGlobal sea freight prices began the year 2024 with significant jumps, reaching record levels not seen since the end of November 2022, according to the Baltic Dry Index (BDI). This comes amidst a series of More… |
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Air cargo tonnages in Q4 2023 closing at +3pc YoY: WorldACDWith 2023 coming to an end, global tonnages and average air cargo rates follow the typical end-of-year slowing down pattern, after weeks of stabilising especially outbound China, according to the latest figures from WorldACD Market Data. More… |
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Air cargo tonnages in Q4 2023 closing at +3pc YoY: WorldACDWith 2023 coming to an end, global tonnages and average air cargo rates follow the typical end-of-year slowing down pattern, after weeks of stabilising especially outbound China, according to the latest figures from WorldACD Market Data. More… |
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CBB raises key interest rate by 25 basis pointsCentral Bank of Bahrain (CBB) has decided to raise its key policy interest rate on the one-week deposit facility from 5.25% to 5.50%. The CBB has also decided to raise the overnight deposit rate fro More… |
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Central Bank of Bahrain increases key interest ratesThe Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate in light of international financial market developments. CBB’s key policy interest rate on the one-week deposit facility More… |
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Steep fall in ocean freight rates, demand downLong-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted container agreements. The More… |
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Xeneta forecasts fall in freight rates, volumes and demandAfter over two years of rising rates and overstretched capacity, the rapidly cooling ocean freight market looks set for an “extremely challenging” 2023, according to Oslo-based Xeneta. An in-d More… |
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Gulf central banks raise key rates after Fed hikeThe central banks of Saudi Arabia, UAE, Kuwait, Qatar and Bahrain have decided to raise their interest rates, tracking a hike in the US Fed's benchmark rate. The move came as the US Federal Reserve raised i More… |
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Central Bank of Bahrain raises key rates by 75 basis pointsThe Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate. The rate on the one-week deposit facility is raised from 3.25% to 4%. The move is in light of the developments at internation More… |
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Central Bank of Bahrain raises key ratesThe Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate in light of the development of the international financial market, said a statement. CBB’s key policy interest rate on t More… |
