Ecommerce and electronics traffic give Cathay Cargo results a lift
Cathay Cargo’s 2024 results were boosted by ecommerce and electronics, giving it a 11% hike ...
© Chutima Sonma
By Mike Wackett
Non-operating containership owners (NOOs) are seeing significant reductions in daily hire rates and charter durations for new fixtures, amid concerns of defaults on existing deals.
“The past year marked the peak of the container market and the exceptionally strong market conditions we saw over the last two years,” said Danaos CEO John Coustas.
Dr Coustas was commenting during the Greek shipowner’s Q4 and full-year results presentation yesterday, which saw the NOO double its net earnings for 2022, compared with the previous year, ...
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