OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco
Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the ...
The outlook for the global container shipping trades continues to darken, according to Drewry’s latest container forecaster, which is predicting an industry-wide $15bn loss for next year.
Drewry’s senior manager container research, Simon Heaney, today presented a “pessimistic” outlook for the liner industry, predicting a 60% reduction this year in global freight rates – spot and contract combined – followed by a drop of 33% in 2024.
And he added: “It is not just a challenge for 2024, but will be ...
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