ZIM reports strong Q2 22 numbers but volumes down 7%
Second quarter highlights follow: – Net income for the second quarter was $1.34 billion (compared to ...
“We foresaw the ongoing disruption in the supply chains and tightening of the container market through 2022 many quarters ago. Our outlook directed our growth and chartering strategy, both of which have maximized our returns.
“On the other hand, our investment in Zim shares has surpassed all reasonable expectations and led to Danaos posting in excess of $1 billion in reported net income for 2021.” – Danaos (DAC) CEO John Coustas, 7 February 2022, Q4 21 and annual results.
As ...
More blank sailings on the cards as ocean spot rates continue to tumble
Rhine closes to barge traffic, with water depth set to hit record lows
China trade surplus under threat as peak season collapses and demand cools
Liverpool dockers vote to strike over pay, as stoppage at Felixstowe looms
South Korean government should sell its HMM shares in stages
Carriers plan for more strikes at Felixstowe as docker resolve hardens
Rhine closure imminent as low water hobbles freight movement by barge
M&A radar: MSC (vs Mærsk) – a bit Amazon, a bit UPS. With an eye on Schenker...
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