Global container trade still strong, but front-loading not the cause
Global container traffic in January continued to show underlying strength, according to recently released figures ...
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By Mike Wackett
Zim’s return to the black in Q2, the carrier’s first net profit since Q317, confirms a trend of container lines giving up their chase for market share in favour of profitability, according to analyst Lars Jensen.
“Zim has followed the path of trading lower market share for improved yield,” he said.
The Israeli carrier posted a Q2 net profit of $5m, despite a year-on-year volume decrease of 5.3%. But its liftings consisted of better-paying cargo, evidenced by average rates per teu jumping ...
Comment on this article
Gary Ferrulli
August 29, 2019 at 2:59 pmThe last point on what the carriers do if a global recession hits, hopefully the carrier
management can recall what they did in late-2009 and throughout 2010. They anchored over 600 vessels and went from losing $21. Billion in 2009 to making $8. Billion in 2010. There is a significant clue on what to do just in case they don’t have the memories.