OOCL Q2 25 update: more volume carried, but revenues decline
Cosco-owned OOCL today reported second-quarter volume and revenue figures which appear to show the Hong ...
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDHL: HUNTINGDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGS
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDHL: HUNTINGDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGS
Although the four east-west alliances have already taken out some 47,000 weekly slots from Asia to North Europe by each suspending one string, the market continues to suffer from demand weakness and overcapacity, evidenced by the announcement today from the G6 Alliance that it will void a further four weekly sailings in October.
The embattled carriers serving the route have announced another round of general rate increases from 1 September of around $1,000 per teu, but unless the fundamentals improve, any brief gain from the GRI will suffer the same fate as those already this year and be discounted back within the first two weeks.
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