Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
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
Possibly monumental, if it proves to be true – the French shipping line is said to be undertaking due diligence having made a preliminary offer for Singapore shipping line, which is 67% owned by Singapore’s sovereign wealth fund, Temasek Holdings, and the remainder floated on the local stock exchange. Such a takeover would cement CMA CGM’s position as the third-largest shipping line, with a likely 13% market share. And to think it is less than five years since CMA CGM was standing on the brink of an abyss and had to be saved from ruin by Turkish port operator Robert Yildirim, while NOL was lining up to buy Hapag-Lloyd. How times have changed…
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