Zim and MSC quick to boost capacity, but rivals miss growth opportunities
The world’s fully cellular container fleet grew by 1.7% in the first half of this ...
Let me begin today’s column with some special praise for five of my industry sources, whom I’ve nicknamed Mr Big, an industry executive (North America); T Island, supply chain specialist (APAC); Oasis, industry finance veteran (Europe); The Doctor, a freight forwarding innovator (North America); and Sunshine (Europe), a freight forwarding veteran.
With 127 years’ market experience between them, what they also have in common is that, little by little and from very different perspectives, they have added immense value to the debate surrounding ...
Carriers return to aggressive voyage blanking to mitigate reduced demand
Accenture's Seabury sees Dutch managers quit to form new company
Airfreight shippers say box line integrated services will be a 'game-changer'
French government 'presses' CMA CGM to cut ocean rates for retail imports
Warning to shippers: don’t tear up contracts to rush into a tempting spot market
Transpac leads spot rate collapse as consumer spending reaches 'tipping point'
MSC set to build super port in Vietnam, despite 'poor economic justification'
AirBridgeCargo's Europe staff given termination notices, and bonus if they go
'Limited ground handling' sees Frankfurt 'forced' to cut freighter flights
Time to end 'abuse by box lines' and create fairer and greener supply chains
Full bellies again for air cargo, but some players still hungry for freighters
Air cargo must become more flexible and reliable – quickly, say shippers
Comment on this article
chas deller
November 05, 2018 at 2:34 pmAnother excellent and well presented view point.
Ale Pasetti
November 05, 2018 at 9:15 pmMany thanks, Chas. Much appreciated!
Gary Ferrulli
November 05, 2018 at 3:34 pmWhile there is no question about 2018 being a less than stellar year for carriers, primarily due to their own poor decisions on 2018 and 2018/2019 Contracts,
you seem to take the Asia/Europe market as the only one in the world. It is
of course extremely important, but so is the TP and Intra-Asia. Are those two,
which are larger than Asia/Europe, with their very high spot market rates,
enough to offset the Asia/Europe issues? We’ll know in February/March not
next week.
Ale Pasetti
November 05, 2018 at 9:14 pmYou are right, it’s better elsewhere, but I opted for “it does not look good elsewhere, as global growth projections come under strain.” In other words, I have normalised the rates. So, it doesn’t look good anywhere, given the input costs and mix, IMO. Thanks, GFERRULLI.
Ale Pasetti
November 08, 2018 at 7:17 am(8 Nov) ON A ROLL: Hapag Q3 out, 10% ebitda beat, €0.64 quarterly EPS vs ~ €0.40 expected; 9M EPS @ ~ €0.03 (9M 2017: €0.05). Still, ROIC @ 3.2% vs ~ 8% WACC, net debt unchanged @ €5.6bn, while FcF is lower y-o-y, but healthy, as it keeps a lid on staff costs, down 7.3% below half a billion euros y-o-y.