Topic “In the News News” — Exporter Magazine

The relentless rise of the yen is posing a major headache for most of the ‘Made in Japan’ technology brands, making these products expensive in export markets according to GulfNews.com. New Zealand’s sawn timber exports to China have been ‘hammered’, while raw log shipments surged in the wake of Beijing’s efforts to cool the economy and amid increased sales by rival forestry nations such as Canada, according to Scoop.co.nz. Fedex, a subsidiary of FedEx Corp. and the world’s largest express delivery company, has launched an interactive campaign that puts insight and intelligence on global trends at the fingertips of businesses of all sizes and in all geographies. Argentina is poised to release onto world markets a fresh batch of wheat exports whose low prices are creating nerves even in the Black Sea, often seen as the most competitive origin for exports of the grain, according to AgriMoney.com. Petroliam Nasional Bhd-controlled shipping liner MISC Bhd is discontinuing its container shipping business that has lost US$789 million (RM2.52 billion) the past three years to better focus on serving clients in the energy sector, according to the Edge financial daily. Meanwhile struggling Chilean container line CSAV is also looking for a buyer for its container business. Global container ship operators, hammered by high costs, oversupply and flagging demand, are cutting shipping capacity to shore up freight rates depressed by a sluggish global economy, according to a Reuters article.