Spot rates still tumbling, with worse to come if carriers return to Suez
The downward spiral of container spot freight pricing accelerated this week, as China begins its ...
China International Marine Containers (CIMC), the world’s largest container manufacturer, said its output in the first nine months of the year rose five-fold after the Red Sea crisis sparked resurgent demand.
From output of 2,490,000 boxes, (including 93,400 reefers, up 17%) revenue rose 36% year on year, to CNY128.97bn ($18.37bn), while net profit nearly doubled, to CNY2.73bn ($388.35m).
CIMC said: “In the first three quarters, global container trade demand rebounded. Clarksons recently forecast that global container ...
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