Maersk sets new chartering record with deal for $150,000 a day
As liner operators become desperate for ships, charter rates have hit the $150,000/day mark. Maersk Line ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
An interesting little bit of crystal ball gazing from US consultancy McKinsey from late February – published shortly after Russia launched its invasion of Ukraine, but probably written before it, so caveats apply on what’s going to happen in China this year. Briefly: more stellar earnings for forwarders profiting from continuing supply chain congestion; more M&A, paying particular attention to “a new Chinese logistics juggernaut” in the shape of the recently formed China Logistics Group; cut-throat competition and rate wars in its express market, due leading to possible bankruptcies; a big leap in e-commerce-fuelled volumes in domestic air cargo routes; and a surge of automation investment across the Chinese warehouse sector. “The pandemic has ushered the Chinese logistics market into an interesting stage of its evolution,” is the rather understated comment from McKinsey.
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