Container leasing company Textainer said a traditional peak season did not materialize in 2019.
“K” Line has warned the global economic slowdown could lead to a deterioration in transportation demand.
NYK Line, Japan’s largest shipping company had operating profit of $146.7 million, compared with a loss in the same period last year.
Ship owners like Dorian LPG are reaping the benefits of very strong VLGC spot rates.
The U.S. Justice Department said Peter Sotis, former owner of Florida-based Add Helium, is accused of smuggling rebreather equipment without an export license to the war-torn country.
Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.
Mitsui OSK Lines (MOL) recorded a major drop in revenues in the first half of its financial year as container earnings fell off a cliff and the U.S.-China trade war took its toll. But MOL was able to limit damage to operating profits.
Hong Kong-based port operator Cosco Shipping Ports (HKEX: 1199) has announced mixed results for the third quarter of 2019. Revenues were flat and profits were down. But box volumes rose. And analysts are bullish on the stock.
COSCO Shipping Holdings said its third quarter profit more than doubled.
