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2024 is year of dry freight container: Drewry
23 Aug 2024 4:07 PM ISTManufacturers are reporting full order books until mid-October
Higher rates, volumes see ZIM report net income of $373mn in Q22024
19 Aug 2024 7:07 PM ISTIncreases 2024 guidance to adjusted EBITDA between $2.6-3 billion and adjusted EBIT between $1.45-1.85 billion.
Merchandise exports decline marginally in July on global worries
14 Aug 2024 7:10 PM ISTCumulative value of merchandise exports during April-July 2024 was $144.12 billion, an increase of 4.2% YoY
Maersk Q22024 revenue down 2%, net profit drops 44%
7 Aug 2024 12:23 PM ISTOcean saw volume growth & higher freight rates, primarily in Asia exports, reflecting increased supply chain pressure
Ocean carriers moving from China-centric approach: Dimerco
4 Aug 2024 12:00 PM ISTLargest deployment growth on Asia/Europe route at 24%; container fleet up 10.6% between June 1, 2023 and June 1, 2024
Supply chain disruptions, demand see Maersk upgrade 2024 guidance
1 Aug 2024 6:27 PM ISTMaersk reported unaudited revenue of $12.8bn, underlying EBITDA of $2.1bn and underlying EBIT of $756mn for Q22024.
Container ship capacity sees fastest growth in 15 yrs, up 11% in H124
24 July 2024 6:35 PM ISTCapacity is expected to exceed 30 million TEU at the end of third quarter and hit 30.5 million by the end of 2024
Shippers - watch out for container market movements in H22024
22 July 2024 12:33 PM ISTImporting goods on Far East-Europe trade using the spot market now costs an additional $6.97mn/1,000 containers shipped
Exports up for 3rd month, increases 6% in Q1FY2025
15 July 2024 7:54 PM ISTMerchandise exports register growth of 3% at $35.20 billion in June
Schedule reliability to decline in coming months, says Kuehne+Nagel
15 July 2024 7:21 PM ISTLargest decrease in June was on Asia↔North Europe of 7.3 percentage points to 34.9%
Q2 schedule reliability drops over 30%: eeSea
9 July 2024 5:57 PM ISTImprovements on the West Coast of North America; challenges in Asia-Europe and East Coast North America
Call pattern changes see transhipment ports face challenges
21 Jun 2024 3:56 PM ISTDrewry expects congestion at transhipment ports to remain high but easing is anticipated as carriers add more capacity