Citibank points to threats of new global recession

Several trends indicate a coming global economic recession that will last until 2017, warns major bank ahead of big international meeting in Dalian. Key factors include Chinese slowdown and low Russian and Brazilian growth.

BY KELD LOUIE PETERSEN, FINANS

DALIAN

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Citibank points to threats of new global recession

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China shocks with new devaluation Wednesday

Chinese stock collapse creates new insecurity in shipping

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Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

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Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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