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 ...
© Philippilosian
“Every little helps” – this motto perfectly sums up the outcome of Yang Ming’s latest fundraising round.
Let’s set the record straight: this week was very important for the container shipping industry, because the Taiwanese carrier – one of the weakest links in the container supply chain, based on financial fundamentals – proved to be able to raise NT$6bn ($198m) in new equity capital, with reports suggesting the deal was oversubscribed after launching at NT$5bn ($165m).
Elsewhere, I was rather impressed by ...
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