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China boosts Australian log imports amid New Zealand timber surge in ports
Australian log exports to China surged in March, exceeding 90,000 m³, a 32% increase from February, reaching the highest level since trade resumed post-bark beetle concerns.
...
Posted: 30th Apr 2024
2024 presidential election to affect US supply chains
The initial months of 2024 have seen disruptions in U.S. supply chains due to global factors, compounded by the ongoing presidential election year.
With the 60th quadrennial p...
Posted: 21st Apr 2024
UK inflation eases to 3% in February, the lowest in 2.5 years
Britain’s annual inflation rate dropped more than expected in February, leading to speculation about potential interest rate cuts by the Bank of England soon.
In Februar...
Posted: 24th Mar 2024
Egypt unveils $35 billion investment along Mediterranean coastline
Egypt has partnered with the UAE to develop its Mediterranean coast, bringing $35 billion in investments.
The deal involves ADQ, an Abu Dhabi-based sovereign fund, focusing on...
Posted: 8th Mar 2024
Panama Canal crushed global timber amid Red Sea tensions
Severe drought conditions have led to the potential closure of the Panama Canal, impacting global shipping routes significantly.
China, a prominent supplier of plywood, has di...
Posted: 23rd Feb 2024
Saudi Arabia's Vision 2030's infrastructure projects hit $1.1 trillion in value
The total value of the real estate and infrastructure projects since the start of Saudi Arabia’s Vision 2030 plan in 2016, crossed $1.1 trillion.
The Kingdom is expecting o...
Posted: 12th Feb 2024
Lower container volumes at Port of Liverpool
The Port of Liverpool is set to cut 125 dock workers’ positions due to a notable decline in container volumes.
Peel Ports, the port’s operator, expressed regret ov...
Posted: 13th Dec 2023
China's plywood exports drop by 9% in H1 2023
During H1 2023, China’s plywood exports amounted to 5.13 million m³, with a total value of $2.368 billion, a drop of 9% in volume, and a 20% drop in value compared to 2...
Posted: 1st Dec 2023
HMS Victory is not all OAK
As one of the most famous warships in the world under Admiral Lord Nelson’s command at the Battle of Trafalgar in 1805, HMS Victory secured its place in the history bo...
Posted: 25th Nov 2023
Russia's Timber Industry in Crisis
📉 Market Downturn: Once the dominant player in the global softwood market, Russia’s timber industry is now grappling with significant challenges exacerbated by the Uk...
Posted: 24th Nov 2023
Robust 5% Q3 growth in US economy defies recession predictions
The US economy demonstrated robust growth of 4.9% in the third quarter, defying challenges like inflation and rising interest rates.
This growth in Q3 was the fastest in almos...
Posted: 1st Nov 2023
Södra raises rates for Spruce and Pine timber
In response to strong demand from family forestry, Södra has implemented an immediate price increase for spruce and pine timber.
This price adjustment is aimed at ensuring a ...
Posted: 28th Oct 2023