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.
Demand for warehouse and distribution space was unabated in 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.