by Steven-Kenneth | Oct 2, 2022 | Mike Wackett, Other Stories
Container spot rates from China to Middle East and intra-Asia routes are reported to have “collapsed” by mid-August, with prices to Europe and the US coming under intense pressure. Nevertheless, two ocean carriers remain bullish on maintaining profitability, as the...
by Steven-Kenneth | Oct 2, 2022 | Mike Wackett, Other Stories
Maersk CEO Soren Skou told investors on August 3 he remained “confident” about the shipping line’s contracted customers sticking with their agreements, despite a backdrop of softer demand and container spot rates declining. He said his confidence in the integrity of...
by Steven-Kenneth | Jun 3, 2022 | Mike Wackett
Containership charter rates and second-hand values are heading for a correction according to a broker source, after sector records were broken again in January. February’s Horizon containerships report, from Maritime Strategies International (MSI), recorded daily hire...
by Steven-Kenneth | Jun 3, 2022 | Mike Wackett
Japanese ocean carrier ONE has reported a record net profit of $16.8 billion for its financial year ending 31 March – but for the full-year 2022, its outlook is beset with uncertainties. Overall, liftings were flat, at 12.1 million TEUs, mainly due to port congestion...
by Steven-Kenneth | Jun 3, 2022 | Mike Wackett
Israeli ocean carrier Zim says it has agreed a charter with non-operating containership owner MPC Container Ships (MPCC) and investment managers MPC Capital for up to six newbuild 5,500 TEU wide-beamed vessels for seven years periods. Since its formation in 2017,...
by Steven-Kenneth | Jun 3, 2022 | Mike Wackett
Ocean carriers are set to smash all previous earnings records in the first quarter, and are on course for colossal 2022 full-year profits of $300 billion – but growth predictions are being pared back, due to weaker demand. Indeed, despite the booming carrier market,...
