Container lines hope for intra-Asia boost as ex-India rates continue slide
Container lines – predominantly those operating on China-India trades – are cementing their networks to ...
RCL's Mathu Bhum. Photo: VesselFinder.
Thailand’s Regional Container Lines (RCL) is to expand its routes beyond its core intra-Asia remit, as the market becomes more competitive.
RCL, which saw a substantial drop in its Q1 23 net profit – at $26.8m, an 89% decline from Q1 22 – is considering launching services into Africa.
In Q1 23, RCL’s freight revenue dived to $394 per teu from $773 in Q1 22.
RCL president Twinchok Tanthuwanit said: “In Q1 23, several adverse factors affected the container shipping market, including global ...
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