Hong Kong port less interconnected
For Sea Int, shipping companies are opting for a progressively smaller number of large hubs
Container rates down 3% this week
Shanghai-Genoa freight rates have dropped 2%, to $3806 per 40-foot box on the spot market
Carriers, Q4 EBIT in rough waters
In Q4 2023, the average operating margin of the top 9 carriers fell to -3%. This has not happened since 2018
Container freight rates down 4%
Spot freight rates on the Shanghai - Genoa route, in particular, are down 5%, to $4223 per FEU
Hapag Lloyd reports 2023 revenue slump
The German carrier has recorded substantial downturns in its EBITDA and operating profit
Chinese newcomer goes transpacific
Hede International Shipping is to put two 4200 TEU vessels on Shanghai - Los Angeles link services
Intra-European capacity up
Maersk is the carrier that has recorded the largest market share increase (from 11.3% to 11.7%)
Empty boxes up 20% from 2019
According to Sea Intelligence data. In particular, back-haul traffic movements have increased
Container freight rates down 5%
Tariffs on the spot market averaged $3,493 per FEU. Index -6% on Shanghai-Genoa route