East coast containership logjam builds as vessels steam in
As the ILA strike at US east and Gulf coast ports enters its second day, ...
Sunday’s news that trade data for China was below consensus estimates put more pressure on the sagging stock prices of the major logistics companies when trade resumed on Monday, with Germany’s Hapag-Lloyd being the biggest loser around lunch time (GMT).
Since I wrote that its shares were priced to perfection at about €36.5 in late August, Hapag-Lloyd has shed 36% of value. It now trades close to a 52-week low of €21.5, with trading multiples pointing to more downside than upside, ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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