Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
Port of Virginia eyes completion of channel deepening this year
U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports.
Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there’s still room for improvement.
Container lines are unable to prop up rates because they haven’t culled enough capacity to compensate for weak demand.
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
Kuehne + Nagel had a highly profitable year in 2022 despite macroeconomic headwinds, but results fell considerably in the fourth quarter along with transport demand.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Charter rates are far below the peak but higher than pre-COVID as liners continue to sign new container-ship leases.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
Cargo flow remained constant at ports in Houston and Corpus Christi, Texas, but slowed slightly in New Orleans.
Los Angeles continues to face a double whammy of sinking demand and fears over the port labor contract that expired in July.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.
After a bounce in January, containerized imports could drop this month to the lowest level since May 2020.
Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates “will disappear.”
The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The 2M partnership between MSC and Maersk — which is breaking up — is the smallest of the three alliances. The Ocean Alliance is much larger.
