Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
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.
Ocean carrier Zim will increase the frequency and size of ships used for its e-commerce Baltimore Express service.
The top 10 liner operators hiked aggregate capacity by 13% in 2000-22 and continue to control 85% of the global fleet.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
7,1 millones de TEUs en pedidos frente al anterior récord de 6,6 millones en 2008
Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.
El índice mundial ha bajado un 44% en los últimos 6 meses, pero sigue siendo 3,4 veces superior a la media anterior a COVID
Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.
Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
