Congestion, there are no magic wands
MSC CEO Søren Toft is clear: "The supply chain crunch will last at least another 6 months."
Consumer spending up in the USA
Sea-Int. data. Increased consumer spending reached pre-pandemic levels in September 2021
Record revenues for HMM
The South Korean carrier closed its third quarter with revenues up 130% compared to 2020
D’Amico has sold the High Venture
The deal is worth 10.7 million dollars. It is going to generate an $8m cash flow for the company
Record profits for Evergreen Marine Corp.
The carrier closed its third quarter with a net income of +2.9 billion dollars (up 879% year-on-year)
The butterly effect
In the USA, the promoters of the bipartisan bill called the Ocean Shipping Reform Act of 2021 (OSRA21) would like to try
COSCO puts down roots in Hamburg
The operator is to purchase 35% of Container Terminal Tollerort, which is fully owned by HHLA
KLine orders eight new car carriers
A mega order worth $660 million. Ships to be delivered between March 2023 and March 2024
CMA CGM under hacker attack again
The shipping line has its customer data hacked just one year after the last violation