Shipping majors may see freight rates dive below operating costs
The biggest carriers posted net income totalling $364 billion in 2021 and 2022, according to figures compiled by industry veteran John McCown, after a decade
The biggest carriers posted net income totalling $364 billion in 2021 and 2022, according to figures compiled by industry veteran John McCown, after a decade
In September 2023, global schedule reliability rose by 1.2% points M/M to 64.4%. Apart from the May increase, schedule reliability has been within 2% points
The Saudi Ports Authority (Mawani) has announced the addition of the India Gulf Express freight service, operated by the French container carrier CMA CGM, to
From To 20’ST/RFCurrent rates 40’ST/RF/HCCurrent rates 20’ST/RFNew rates 40’ST/RF/HCNew rates Rotterdam New York US$1,450 US$1,600 US$1,650 US$2,000 Rotterdam Veracruz US$1,813 US$2,026 US$1,915 US$2,126 Rotterdam Montreal
The Amazon river in the Brazilian rainforest is at its lowest level in over a century due to a severe drought. Danish shipping major Maersk
The head of the world’s third-largest liner company said in an interview that he expects the weak growth in global trade to continue through 2024.
And, with the 2024 budget season looming, the shipping lines will want to jettison unprofitable cargo from their customer portfolios. For example, MSC this week
Renault and Volvo have signed a binding agreement to launch a new company where they will initially hold respective 50:50 equity stakes, planning to invest
Liner giants Maersk and CMA CGM have decided to join forces on several areas relating to decarbonisation, claiming today that the joint action will help
The biggest carriers posted net income totalling $364 billion in
In September 2023, global schedule reliability rose by 1.2% points
The Saudi Ports Authority (Mawani) has announced the addition of
From To 20’ST/RFCurrent rates 40’ST/RF/HCCurrent rates 20’ST/RFNew rates 40’ST/RF/HCNew rates
The Amazon river in the Brazilian rainforest is at its
The head of the world’s third-largest liner company said in
And, with the 2024 budget season looming, the shipping lines
Renault and Volvo have signed a binding agreement to launch
Liner giants Maersk and CMA CGM have decided to join
