OOCL loses market share on Asia-EU, but soaring rates prop up top line
The impact of soaring spot freight rates made itself felt on OOCL’s top line after ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
“The intra-Asia trade route, which is a brick in the trade foundation, is manufacturing less. Time for a fortification plan.” So notes Freightwaves, pointing out that the trade is indicative of US retail sales. “Year-on-year growth is … dismal. This tells the story of more hardship ahead, which would translate into fewer containers being exported out of China to the United States and around the world.” Low volumes intra-Asia proves that retailers are not expecting ‘back to normal’ any time soon, noted the article. So put that champagne back on ice.
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