Logistics News

Maersk Asia Pacific market update (January 2023)

Source: Maersk Keep your cargo sailing smoothly, with valuable insights from our Asia-Pacific Market Update for January The global demand outlook shows little sign of any short-term improvement. The developed nations are still facing inflationary and recessionary pressures which is dampening the outlook in Asia. Container demand has continued to fall with volumes back to pre-pandemic levels. But there may be reasons for optimism. The ending of China’s rigid COVID-19 restrictions, while leading to a surge in new cases in the near-term, has also led to predictions of a surge in demand and trade from the second half of 2023. Looking to the future, Maersk is also investing $174 million in a green and smart warehouse complex in Shanghai’s Lingang district to cope with future global and regional logistics demand. If there are new topics you would like to talk about, please let us know by filling out our survey from here. Market Trends Key manufacturing indicators remained largely flat in December and the short-term outlook remains depressed. Both the Global Composite Purchasing Manager’s Index (PMI) and global manufacturing orders were virtually unchanged in December compared with November, with the Global PMI standing at 48.2 compared with 48.0 in November. The

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Global supply chains are becoming increasingly “green”

Source: Hapag-Lloyd Sustainable port development was one of the central topics at the Maritime Week in Hong Kong. The German Chamber of Commerce, Invest Hong Kong and Port of Hamburg Marketing (HHM) also dedicated a hybrid seminar to this topic as part of the annual Maritime Week, followed by a joint evening reception. HHM representative Anne Thiesen and Johannes Hack, President of the German Chamber of Commerce in Hong Kong, hosted the event. As an integral part of the Greater Bay Area and a leading maritime centre in Asia, Hong Kong is a strong trading partner of Germany, and Hamburg in particular. The two port cities share a key role in driving the low-carbon transformation in the coming years, with a view to achieving the ambitious targets set out in the German Climate Change Act and Hong Kong’s Climate Action Plan 2050, respectively. In his welcome address, the Honourable Mr. Lam Sai-hung, GBS, JP, Secretary for Transport and Logistics in Hong Kong, outlined the measures taken by the Port of Hong Kong to further its journey towards sustainability. He especially highlighted smart solutions that not only increase the efficiency of the port’s handling processes but also ensure greater environmental protection.

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