Global revenues soar, but loss of steam for OOCL's Asia-Europe trade
Hong Kong-headquartered container shipping line OOCL today issued its fourth-quarter 2024 operational update, giving the ...
Weak trade demand and rampant competition between ocean carriers has led to unsustainable freight rates on some intra-Asia networks.
The decline has forced MCC Transport, Maersk Line’s intra-Asia specialist, to consolidate its network.
“We had to rationalise by closing two services and taking six ships out,” said ...
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