Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
CMA CGM is to attempt to shave $1.2bn off its costs as it consolidates its position following acquisitions.
The French carrier announced the plan as it revealed its 2018 results, which saw record revenues of $23.48bn, up 11.2%.
This, however, translated into a pre-tax profit of $167.7m, down from $800.7m a year earlier.
Operating expenses rose from $18.9bn to $22.3bn, while core ebit was $610.4m, down from $1.57bn, following a 33% increase in fuel prices.
Volumes in teu were up 9.3% and the line ...
Keep our news independent, by supporting The Loadstar
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
Ecommerce likely the front-runner in resurge of transpacific trade after deal
Shippers should check out the 'small print' in China-US tariff cuts
China-US trade tariff pause could drive a rebound for transpacific rates
Service chaos from trade ban with India a problem for Pakistan shippers
Carriers impose 'emergency operation' surcharges on Pakistan cargo
15% rebate for box ships as Suez Canal Authority woos carriers
Comment on this article