Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.
Europe
Europe
Press Releases
17 Nov 2022
New energy ratings for ships to be imposed next year are a meaningful step toward decarbonizing the maritime industry and should not be a “box-ticking exercise,” according to Maersk.
16 Nov 2022
Despite a record nine-month result, carrier Zim has downgraded its full-year guidance amid rate declines that are rapidly deepening of late.
16 Nov 2022
A new production facility in South Dakota will supply Maersk with 100,000 tons of green methanol a year as the carrier signs yet another deal to lock in the supply of alternative fuels.
15 Nov 2022
PayCargo has extended its reach into the forwarding industry via an integration with software vendor Raft that minimizes PayCargo’s need to directly connect with CargoWise.
09 Nov 2022
The global air cargo industry is flying into bracing headwinds, but airline CEOs remain largely positive that demand will return early next year.
08 Nov 2022
The announced wage deal at Liverpool is welcome news after a series of strikes over the past three months severely disrupted container operations at the UK’s key west coast hub.
08 Nov 2022
There appears to be little that ocean carriers can do to stem an Asia-Europe spot market in free-fall as economic conditions deteriorate and freight volumes continue to soften.
04 Nov 2022
The availability of green fuels in sufficient quantities and at cost-competitive price levels remains the main challenge for the decarbonization of global shipping, says Maersk.
04 Nov 2022
There is no sign of an air cargo peak season this year and few signals that 2023 will see any improvement as global economic conditions worsen.
03 Nov 2022
Carriers are trying to work out the additional costs per container of complying with Europe’s ETS, but there is little clarity over how the rule will be applied with less than eight weeks to go before implementation.
Speakers:
Bob Andrews, Senior Vice President, CenterPoint Properties
