Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
Despite a “challenging environment”, Israeli carrier, Zim Line, still managed to squeeze out a net profit in the third quarter of the year.
Many of its peers sank heavily into the red, dragged down by the sub-economic freight rates that have blighted so many trades in the second half of the year.
The carrier, which withdrew its Asia-Europe service last year after restructuring its debt, has fallen to 18th position in the container carrier league table, with a 1.8% market share following ...
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