Gemini partners on the hunt for scarce chartered tonnage
Pacific International Lines (PIL) has chartered one of its ships to Hapag-Lloyd for three years, ...
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By Mike Wackett
Ocean carrier operational profits fell below pre-pandemic levels in the third quarter ? and results for Q4 are likely to be a whole lot worse.
Alphaliner’s assessment of the reported earnings before interest and tax (ebit) of the nine largest carriers saw the average operating margin fall to 1.5% in Q3, which was lower than recorded in any of the quarters in 2019.
At the top of the list was the Cosco Group (including OOCL) with ...
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