The crisis in the Red Sea affects Swedish exports of forest products
Every third freighter with Swedish goods that goes through the Suez Canal transports forest products. Now Huthi rebels' attacks on [...]
February 2, 2024
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Stora Enso to cut up to a thousand jobs in spring as part of a new savings program
The prolonged weak and uncertain market situation has led to Stora Enso preparing a new profitability program, which may lead [...]
February 2, 2024
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Latvia’s forestry sector facing difficult times
The Latvian forestry sector, which has so far successfully proven itself as a major exporter, is currently facing many challenges [...]
January 30, 2024
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European parquet dropped 30% in 2023
After a good year 2022 which consolidated the level reached during the booming 2021, the European parquet market experienced a [...]
January 30, 2024
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Weyerhaeuser expects weak wood products sales for Q1/2024
U.S. timber giant Weyerhaeuser posted a lower adjusted profit on Thursday, hit by weakness in its wood products business [...]
January 30, 2024
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Quebec sawmills losing big as lumber demand drops
Sawmills in Quebec have not turned a profit for more than a year due to the drop in demand for [...]
January 30, 2024
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New Zealand wood industry concerned Red Sea conflict could drive up shipping costs
The New Zealand wood industry is closely watching the conflict in the Red Sea, as global shipping costs rise as [...]
January 30, 2024
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U.S. lumber prices to hold steady for three to six months
In the U.S. southern region, stumpage pricing for forest products remained relatively stable throughout 2023, with minimal movement in [...]
January 26, 2024
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Red Sea crisis continues to push ocean freight rates up
As the conflict in the Red Sea continues, container freight rates continue to rise, with ocean container freight rates rising [...]
January 26, 2024
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Setra reports challenging Q4/2023; sees improved demand in US and Asia
Swedish wood products company Setra has reported an operating loss of SEK -191 million for the fourth quarter of [...]
January 26, 2024
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