Brace yourself for the logistics budget blues
Longing for a silver lining
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Some comfort for container shipping lines battling the headwinds of an unrelenting pressure on freight rates caused by weak demand and overcapacity: fuel prices are still falling. Rotterdam-sourced IFO 380 was down another $4 per tonne in trading today to $237.50 – the lowest level for bunker fuel in six years.
And there is more good news: analysts believe that bunker prices have further to fall and the cost relative to the cost of crude oil is also in decline. The news of reduced costs for their ships will help the bottom line of carriers – as long as they do not fritter it away again in rate discounting.
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