New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
OOIL reports record revenue but has “legitimate concerns about the impact of inflation and interest rate rises on consumer spending.”
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
“This record result was achieved despite severe congestion around the network,” says the Hong Kong ocean carrier.
A National Labor Relations Board judge ruled the International Longshoremen’s Association cannot force the use of union labor at the Port of Charleston’s new Leatherman Terminal.
New disclosures by lines point to massive ocean-carrier profits in the second quarter.
From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.
The cranes cost $21.6 million to construct; a price tag on vessel and cargo damage has not yet been estimated.
In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.
