The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
HMM acknowledged that “freight rates in most key trade lanes have been under downward pressure since H1 2022.”
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
The refloating of the container ship stuck in Cheseapeake Bay could be a “long, laborious operation.”
Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
New disclosures by lines point to massive ocean-carrier profits in the second quarter.
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
Supply chain disruptions like the Suez Canal blockage are forcing brands to a new approach to the supply chain, including ordering more product earlier.
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
Will your cargo ship arrive on time? Globally, the chances are now 50-50. In the Asia-U.S. container trade, it’s less than one in three.
Port Call Data Definitions guide is available for free download.
Orient Overseas Container Line briefly outlines performance for the second quarter and first six months of 2020.
Evergreen Marine reports a second quarter profit and says it will add 23,000 TEU ultra-large containerships to its fleet.
Barbara Spector Yeninas had the moxie to launch a business serving the male-dominated maritime industry 45 years ago. That determination has kept her going for more than four decades, although these days she’s wearing sneakers instead of stilettos.
It has now been a half-decade since the emergence of large-scale container liner alliances. What’s their track record?
Shippers benefit as transportation rates expected to stay low.
Evergreen has added a second and third ultra-large container ship to its China, Europe and Mediterranean service, adding around 6,000 TEU of capacity to the service per week.
Container line alliances are cutting capacity on their transpacific services in anticipation of a major slowdown in the US-China trade relationship due to tariffs. We see downside risk for Union Pacific and BNSF intermodal volumes, as well as JB Hunt.
