DP World announces 'transformative' expansion plan for Caucedo hub
Global terminal operator DP World is set to plough some $760m into its Caribbean transhipment ...
As manufacturers continue to diversify production to cut dependence on China, it will ensure growth in container shipping, said ONE CEO Jeremy Nixon this week.
Mr Nixon said: “We’re going through weak demand in 2023. In 2022, we had over-ordering [of newbuildings] as a rebound from the 2021 shortages many customers had. Many customers over-ordered in 2022 and now have excess inventory and there is still a lot of overhang.”
In ONE’s last fiscal year, that ended 31 March, the company’s net ...
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