"Port Klang will be the big loser as a result of the alliance shifts.”
The cost of the takeover was revealed for the first time.
The first two ships have begun their charters.
The Japanese international freight forwarder had predicted a group net profit.
It has been a good first quarter for OOCL with solid increases in revenue and volumes on the east-west trades. Business appears to be looking up for Hong Kong's OOCL.
Spot rates on the Asia-Europe trade have risen close to their 2017 highs, even as backhaul rates fall for the forth consecutive week.
The next 12 months will be good for Japan's top three carriers that are predicting a profitable 2017/18 financial year.
“Every port will be on strike.”
Demand for warehouse and distribution space was unabated in the first quarter despite low vacancy rates and increasing rents.
Two recent announcements of Charleston-area transloading facilities show that resin producers are casting a wide net for ports.