OX: UK tour thoughts; Suez update; and more tariffs
And here’s the current narrative
March is coming to an end shortly and Sunday marked the 100th day of the Red Sea crisis, with little hope of a solution in the near term.
While carriers…
…might be grateful for the “Houthi bounce“ and that, hopefully, will show to some extent in their Q1 results, Alphaliner published their quarterly analysis for Q4 23 carrier financials –> industry Ebit: down -3% ahead of a very challenging 2024.
In negative territory for the first time since ...
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
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