TPM: Weak Asia-Europe rates don't mean it's a weak market
The recent spot rate weakness on the main east-west container should not be mistaken for ...
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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