Shippers to opt for direct port calls over speed of service, predicts MSC's Soren Toft
MSC chief executive Soren Toft has predicted that global supply chains will increasingly fragment in ...
PG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUTMAERSK: BOTTOM FISHING NO MOREDHL: IN THE DOCKHLAG: GREEN DEALXOM: GEOPOLITICAL RISK AND OIL REBOUND IMPACTZIM: END OF STRIKE HANGOVERCHRW: GAUGING UPSIDEBA: STRIKE RISKDSV: STAR OF THE WEEK
PG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUTMAERSK: BOTTOM FISHING NO MOREDHL: IN THE DOCKHLAG: GREEN DEALXOM: GEOPOLITICAL RISK AND OIL REBOUND IMPACTZIM: END OF STRIKE HANGOVERCHRW: GAUGING UPSIDEBA: STRIKE RISKDSV: STAR OF THE WEEK
Hapag-Lloyd this morning announced a first-quarter loss of €63.2m, down from €53.2m loss last year, as overcapacity, low freight rates and costs associated with its takeover of CSAV begin to bite. It noted that the average freight rate had fallen 8% to $1,422 per standard container – “far too low” said the CEO. Bloomberg Businessweek has the details.
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