Port of Los Angeles floundering
In August the port handled 806,000 TEUs, a 15% downturn on last year’s figures for the same month
US ports, imports down in June
U.S. ports handled 2.25 million TEUs, 5.9% less compared to the previous month’s record volumes
Container market floundering
Demand was up by barely 0.6% in June. A sharp downturn in traffic to and from European ports
USA, Maersk to reduce dwell time
The carrier will be removing all the containers that have been in ports for at least nine days
ONE adrift in an ocean of doubt
Despite record profits for Fiscal Year Q1, for ONE it is impossible to make predictions about the future
Maersk revises guidance upwards
The company’s profits were higher than expected in their last quarter: full year Ebitda up to $37 bn
Containers & the oversupply effect
The current oversupply situation is leading to a price adjustment in the second-hand market
Container shipping, rates still falling
The World Container Index compiled by Drewry has dropped 0.7% this week (-21% on 2021)
HMM to invest 11.4 billion over 5 years
The shipping line intends to expand its capacity and acquire new facilities to diversify its activities