OX: UK tour thoughts; Suez update; and more tariffs
And here’s the current narrative
With earnings season in full swing, more details about Q4 carrier results emerged but we need to be cautious drawing the full picture based on available data so far.
While most box lines likely made losses at the end of 2023, many still pocketed good money compared with the profits of recent (ex-Covid) years.
And 2023, anyway, will likely close as the third-best year in the history ...
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Forwarders 'being squeezed' as spot and contract rates move further apart
More ships and more containers needed for 'feverish' box shipping sector
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Demand for air freight 'perking up', but this puts pressure on capacity
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Comment on this article