Zim set to reinstate its transpacific ZX2 express service
In what could be one of the shortest service suspensions in shipping history, Zim is ...
Japanese container line Ocean Network Express (ONE) has provided the first indication of the financial boost from the Red Sea crisis to carriers, as it released its 2023 annual report, which crucially also includes the first quarter of this calendar year.
It said that, while the overall market continued to demonstrate sluggish demand on the key transpacific and Asia-Europe trades, against a backdrop of structural overcapacity stemming from the industry’s massive newbuilding programme, the Red Sea crisis was likely to provide ...
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