APMM floats along on 'solid' Q1 profitability in Ocean, well prepared for choppy water
Despite President Trump’s claim this week that Yemen’s Houthi rebels had “surrendered to the US” ...
Hapag-Lloyd saw its second-quarter net profit slump 77% on the previous year, to $1.1bn, despite benefiting from a bottom line boost of $212m from interest and other financial items.
“Weaker demand and lower freight rates are having a noticeable impact on our earnings,” said CEO Rolf Habben Jansen this morning, adding that freight rates on some tradelanes were “unsustainable”.
He explained that freight rates ‘normalising’ to the pre-pandemic levels of 2019 would mean loss-making voyages, given that operating costs on some routes ...
European port congestion now at five-to-six days, and getting worse
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'Cargo collision' expected as transpacific capacity tightens and rates rise
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Another CMA CGM vessel heading for Suez Canal – 'to mitigate schedule delay'
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Yang Ming chief announces rethink on ordering 'megamax' box ships
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