OceanX: All eyes on ILA strike as rates continue to drop and China regains pride
It’s hot out there
With both K+N and DSV reporting their Q1 numbers last week, a lot of interesting discussions with industry friends ensued, with some rough analysis on the numbers as well as the actual data (see links below). While profits dropped, they were still not too bad, and both seem to be managing the down cycle favourably, with buying cost dropping faster than selling rates, providing them an uptick on gross margins during the quarter.
However, I do remain a marketshare guy, and ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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