News in Brief Podcast | Week 18 | Transpac chaos and Q1 earnings
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
Ongoing weakness in container shipping has forced Israel’s Zim to drastically re-evaluate its full-year performance, now expecting a loss that far outweighs analysts’ predictions.
Updating its guidance today, the carrier announced it was revising 2023 Ebitda down from $1.8bn-$2.2bn to $1.2bn-$1.6bn, with Ebit adjusted from profit of as much as $500m to a loss of $100m-$500m, markedly more than the $95m loss analysts suggested in May.
Chief executive Eli Glickman said: “Near-term container shipping market conditions continue to be challenging, with demand ...
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Container spot rates diverge: to Europe still falling, but firmer to the US
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
Ecommerce likely the front-runner in resurge of transpacific trade after deal
China-US trade tariff pause could drive a rebound for transpacific rates
Service chaos from trade ban with India a problem for Pakistan shippers
Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
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