Panjiva Daily: Contracts for shipping, shipping not contracting; the chip shortage toll

Global 1280 Panjiva Daily 635

Global freight markets remain out of balance with unseasonal demand patterns and the Suez Canal blockage leading bunker excluded container rates higher. U.S. auto sales are struggling versus pre-pandemic levels and a chip shortage isn’t helping. Also: Brunswick looks to long-term with Daimler, GM as chips limit Q1 shipping; Illinois Tool Works, Kyocera may see nail tariff costs cut; the future of big boats, digitization and state-funded reshoring; vaccine nationalism is happening everywhere, to a certain extent; Suez investment a simple solution to a difficult problem; bad fuel the lates...

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