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 ...
Ocean carriers have removed almost a quarter of their capacity from the transpacific tradelane in the past year as freight rates have sunk below pre-pandemic levels.
Results from carriers operating on the transpacific are, at best, breaking even, prompting them to reassess their network coverage and redeploy tonnage on more lucrative routes, such as Asia to the Mediterranean.
An analysis by Alphaliner found that the average weekly slots available from Asia to North America had dropped to 516,160 teu, a 23.3% decrease ...
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