Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
Photo: TS Lines
By Alison Koo
TS Lines’ earnings surged in the first ten months of 2024.
The Taiwanese operator, which was listed in Hong Kong in November, said net profit for the period jumped 38-fold, to $270m, as freight rates firmed due to the Red Sea crisis.
TS said it expected full-year profit to be significantly higher than 2023’s $20.7m when it announces its results in March.
Meanwhile, the carrier has adjusted its Asia West Coast 2 (AWC2) service to ...
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