Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
…and Singapore-based Pacific International Lines (PIL) – a target worth up to $4.5bn, based on my estimates – could well be the next ocean carrier moving the consolidation needle, as I recently argued.
While Israel’s ZIM Integrated Shipping Services flirts with technology and, indirectly, with its Danish partner in the 2M Alliance, Maersk, my recent PIL coverage had a trade source strongly questioning whether China’s Cosco Shipping Holdings could actually be the most reliable and likely buyer for PIL.
As a reminder, the ...
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