Retail sales stumble in December to finish 2018 but see annual gains

December retail sales, at $505.8 billion, were down 1.2% compared to November’s revised $512.2 billion (from $513.5 billion). While December retail sales saw a sequential decline, Commerce reported they were up 2.3% compared to December 2018. Total 2018 retail sales headed up 5% annually, to $6 trillion, according to Commerce, and total retail sales for the fourth quarter increased 3.7% annually. Source: logistics Mgmt

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Sub-capesize market to rebound after January slump

MSI predicts weak freight rates will see scrapping surge, but the forecast upturn in sub-capesize earnings in Q2 and Q3...       Related StoriesSouth Korean shipbuilding tie-up could consolidate LNG orderbookVIDEO: Lloyds list Container Sector Outlook 2019 webinarBox ports braced for challenging 2019  Source: Lloyds List

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Spot market earnings lift GasLog to record quarter

LNG spot charter rates have fallen since the last quarter but the Monaco-based owner expects that the market will tighten...       Related Stories‘Cool Company’ launch stalled due to LNG spot market slumpPorts welcome European Maritime Single Window agreementEpic Gas upbeat about market prospects  Source: Lloyds List

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