Shippers welcome new ocean capacity, but it won't stop price increases
In the absence of carrier-led price hikes, container spot rates largely flattened on the transpacific ...
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In most of the conversations I have daily with container shipping sources, consensus is that the magic five – Maersk Line, MSC, Cosco Shipping, CMA GCM and Hapag-Lloyd – will unlikely entertain bold M&A moves this year, unless the right opportunities emerge.
The outlook for this battered industry remains downbeat, in my view, despite lower oil prices (which have started to rally again, after bottoming before Christmas) which may not provide relief anymore.
In case you missed it, yesterday MarketWatch noted that oil was ...
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