Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
Forwarders are “allowing the fox into the chicken run” by supporting carriers that also work ...
By Mike Wackett
OOCL’s first-quarter operational numbers not only confirm the unflagging colossal profitability of the liner industry, but also reveal the Hong Kong-based carrier’s aggressive market share grab on the Asia-Europe tradelane.
The Cosco Shipping subsidiary is the first carrier to publish its Q1 volumes and revenue, and its very strong freight performance is likely to be a harbinger for cumulative profits in excess of the record estimated $52bn return earned by the industry in the previous quarter.
The combined net profit for Cosco ...
Comment on this article
fabio rossi
April 21, 2022 at 7:50 ami really can not undesrstand why china , usa , europe ecc can permit all this profit to the shipping company … the freight cost over 10 000 usd is crazy and there will be a disaster …. they should fix the freight price to maximum 4000 usd for 40 feet cnt