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 ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
As the reshoring debate intensifies, OOCL has outlined the scale of the challenges of moving production out of China to regions such as South-east Asia.
The Cosco Shipping-owned company’s deputy finance officer, Michael Fitzgerald, told The Financial Times the shift of production was happening, but due to the scale of China’s production, significant change could take years.
Meanwhile, OOCL itself is diversifying its carrier calls, reflecting the shift of some production, with services to emerging markets in Latin America, Africa and South-east Asia.
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