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 ...
At a time when, as you may know, the world’s container shipping leader AP Møller-Mærsk (APMM) is going for targeted job cuts domestically and overseas while its smaller rival Hapag-Lloyd is rumoured to have announced 150 staff would go at its headquarters in Hamburg, it is no secret that Singapore’s Pacific International Lines (PIL) is financially strained.
And now many wonder what could be next for the carrier, one of the very few targets outside the Big Five. There is reason ...
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