Ocean Alliance suspends transpacific PSW11 service
Despite reports that some major US importers have decided to resume shipments out of China ...
Photo 110497767 © Sheila Fitzgerald | Dreamstime.com
By Mike Wackett
Cosco Shipping expects to post a net profit of $4.3bn for the first quarter of this year, following its $13.8bn surplus in 2021.
Indeed, Cosco’s preliminary results suggest that ocean carriers are set to cumulatively smash all records when all Q1 earnings are reported.
It will be another record quarter for the Chinese state-owned carrier, including Hong Kong-based subsidiary OOCL, which contributed more than half of Cosco’s earnings in 2021.
According to analysis by Blue Alpha Capital founder John McCown, in Q4 21, ...
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Rajan K R
April 09, 2022 at 4:45 amObviously, when they take more than a month to process a simple COD and then collect storage/ ground rent charges for the period the container kept at port!