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Container trades

FreightWaves Staff Thursday, November 7, 2019

Sinotrans delivers scary Halloween third quarter results… or does it?

All may not necessarily be as it may first seem in the world of company earnings. Dry bulk, ocean container shipping and logistics company Sinotrans (HKEX: 598) may not have delivered a Halloween shocker even though its third quarter results were splattered in red ink all over its income statement. One long-short equities analyst was very bullish on the company’s stock despite the seemingly-poor results!

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FreightWaves Staff Wednesday, April 24, 2019

Breakfall: ocean box rates flat after big slump

It’s a game of several parts as Drewry Shipping Consultants’ World Container Index indicates that rates are marginally down by 0.3 percent compared to the previous week. But the index is massively up, by 12.8 percent, compared with the same period last year. A flattening market can be perceived as “good news” given there have been a couple of weeks of slump.

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FreightWaves Staff Friday, April 19, 2019

Marine terminal operators sting Australian shippers, truckers with huge surcharges

Australia’s import, export and logistics industries are in dismay at a massively escalating series of surcharges that are being unilaterally charged to truckers and shippers by the nation’s main box terminal operators. There have been hikes in surcharges of hundreds of percentage points. And, in one case, an imposed surcharge was literally increased over a couple of years by 2,372 percent. Industry executives are furious.

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FreightWaves Staff Friday, April 19, 2019

Hong Kong’s first quarter 2019 box volumes plummet

There has been a steep drop in the volume of box traffic handled at Hong Kong, one of the world’s busiest box ports. Containerized throughput at Hong Kong took a dive in the first three months of 2019 when compared to the first quarter of 2018, according to preliminary figures from the Hong Kong Marine Department. Box traffic was down, on average, by 10.2 percent in the first quarter of 2019 compared to the first quarter of 2018.

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