Overcapacity is now ‘inevitable’ in container shipping market, says Xeneta
Spot rates undergo a mini-revival but the outlook for long-term rates remains bleak
Overcapacity is now ‘inevitable’ in container shipping market, says Xeneta Read More »
Containerships
Yang Ming forks out over $300m for neo-panamax container ships
Taipei-listed carrier buying vessels taken at end of charter with Japanese shipowner
Yang Ming forks out over $300m for neo-panamax container ships Read More »
Ocean Network Express takes whopping $5bn profit hit
Liner company looks to downsize networks as spot rates plunge
Ocean Network Express takes whopping $5bn profit hit Read More »
Chinese bulker shipowners purge panamaxes as scrap prices continue to fall
Brokers and cash buyers say prices will remain depressed until demand for scrap steel recovers after monsoon season
Chinese bulker shipowners purge panamaxes as scrap prices continue to fall Read More »
CMA CGM’s profit plummets as it expects ‘sluggish’ second half of 2023
Transport and logistics segment ‘remains depressed’, chief executive Rodolphe Saade says
CMA CGM’s profit plummets as it expects ‘sluggish’ second half of 2023 Read More »