COSCO Shipping Holdings said its third quarter profit more than doubled.
Orient Overseas Container Line (OOCL) said both container volumes and revenue were higher in the third quarter this year than in 2018.
While most trade lanes grapple with overcapacity and weak rates, the trans-Atlantic westbound market is one bright spot for ocean carriers. One market expert credits a strong U.S. dollar and capacity discipline as the keys to keeping that market firm. Globally, spot container rates are stuck at one-year lows. The Freightos Baltic Index (SONAR: FBX.GLBL) […]
Trans-Pacific volumes and revenue up with OOIL acquisition, but stand-alone results reflect seasonal weakness.
OOIL fleet boosts Cosco’s volumes and revenue, but rates were stagnant and high finance costs push profit lower.
One of the biggest terminals on the west coast is showing better results after multi-year automation project as final auction nears.
Dam collapse could pinch amount of ore heading to water; container crane falls on ship in Canada; Australian port tries to go clean.