IMF April Update Sees Lower Global GDP Growth

MarineLink.com
Friday, April 11, 2014

Recovery strengthens, remains uneven

The message from the IMF is clear: The global recovery is still fragile despite improved prospects, and significant downside risks—both old and new—remain. Recently, some new geopolitical risks have emerged.

According to BIMCO, the latest incoming data suggest a slight moderation in global growth in the first half of 2014. Global Growth is now projected to strengthen to 3.6 percent (-0.1) in 2014 and then to increase further to 3.9 percent (-0.1) in 2015.

Chief Shipping Analyst at BIMCO, Peter Sand, said, "As we have just highlighted in our newly released shipping market outlook - the global economic bumps in the road continues to impact the business environment across all major shipping segments. IMF's downward adjustments  to GDP growth in Japan, Brazil, Russia and Emerging and Developing Europe is expected to have minor negative effect on shipping demand primarily for the dry and wet bulk segment."

IMF's expectations for GDP growth in US, China and India was unchanged from its January estimates, while growth in the Eurozone is now expected a bit stronger at 1.2 percent (+0.1) in 2014

bimco.org
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Long Beach sees Robust Container Growth

The Port of Long Beach kicked off the New Year by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Total Proposes 0.61 ‎€ per Share Dividend

The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.

Container Ships

Long Beach sees Robust Container Growth

The Port of Long Beach kicked off the New Year by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

APM Terminals Broaden Portfolio, Business Model

APM Terminals’ increased invested capital to USD $6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance, generated USD $4.

Hapag-Lloyd Buys Two Boxships

Hapag-Lloyd has bought two 2015-built, 3,500 teu wide-beam design containerships for deployment in its South America trades for an undisclosed price from NileDutch,

News

Volvo Penta Debuts Innovative Glass Cockpit

The new generation of Glass Cockpit expands Volvo Penta’s collaboration with Garmin for an advanced monitoring and control system that makes boating easier. And its clever application,

Long Beach sees Robust Container Growth

The Port of Long Beach kicked off the New Year by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Logistics

APM Terminals Broaden Portfolio, Business Model

APM Terminals’ increased invested capital to USD $6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance, generated USD $4.

Maersk Falls into the Red

Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines

Sydney Deep Water Port Project Named NOVAPORTE

The Harbor Port Development Partners (HPDP) and the Port of Sydney announce the new brand for Sydney’s new container terminal: NOVAPORTE and its adjacent logistics park NOVAZONE.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0915 sec (11 req/sec)