Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.
Asia
Asia
Press Releases
29 Nov 2022
TradeLens’ failure to gain traction after four years was due to several factors, not least of which was trying to convince ocean carriers and their customers to provide sensitive data to a technology platform partly owned by Maersk.
29 Nov 2022
Vessel on-time performance to US ports continued to improve in October, although carriers in the eastbound trans-Pacific underperformed global schedule reliability.
29 Nov 2022
South Korea’s government took the unprecedented step of ordering some of the striking truckers back to work Tuesday, although strike organizer Cargo Solidarity said it would defy the order.
29 Nov 2022
The ability of ocean carriers to manage their growing supply of excess capacity is becoming tougher by the week as supply chain bottlenecks ease and global economic headwinds strengthen.
28 Nov 2022
US-based MPV operator Intermarine is expanding into Asia and Europe via a partnership with Thailand’s WeShip.
28 Nov 2022
CMA CGM continued its run of extreme profitability in the third quarter, strengthening its already solid balance sheet and slashing debt levels, but it warned that economic headwinds are strengthening.
23 Nov 2022
Forwarder Kuehne + Nagel is receiving new freighter capacity as global demand wanes and rate levels tumble through a non-existent peak season.
23 Nov 2022
The resumed service at India’s VOC comes as the port has embarked on a raft of new infrastructure projects to position itself as an alternative transshipment hub to Sri Lanka’s Colombo Port.
21 Nov 2022
The fund is one of several measures taken by South Korea’s government to help the country’s shipping sector weather the downturn in container trade.
18 Nov 2022
Growing uncertainty over demand levels and falling rates is making longer-term traditional air freight block space agreements unattractive.
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Speakers:
Bob Andrews, Senior Vice President, CenterPoint Properties
