Shipping line fortunes may be looking up after a dire fourth quarter
The last three months of 2023 were some of the worst for liner shipping’s finances ...
Brexit’s wide-reaching implications have been felt by Kenya Airways Cargo, which saw revenues on its busiest route drop following the declining strength of sterling. The pound has plummeted by around 15% against the dollar since the 23 June vote, and cargo general manager Peter Musola told Air Cargo News this had hit the airline twice. Firstly, it brought major yield dilution when converting pounds into dollars – around 12% according to Mr Musola – and secondly, exporters paid in pounds have, together with forwarders, been pressuring the carrier to drop rates to make up for their currency losses.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Hong Kong drops out of world's top 10 busiest container ports
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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mobile: +44 7402 255 512
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