CMA CGM revenues drop by half in Q2 2023
According to sources, a significant decline in financial profits during the second quarter of the year, reporting a…
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COSCO Group reports sharp drop in revenue
Revenue from COSCO Group's container shipping activities falls RMB 45.7 billion in Q1 2023, Alphaliner reports.
Alphaliner: COSCO reports 75% Drop in Q1 2023 Profits
COSCO Shipping reports operating profits down 75% in the first quarter of 2023 on lower freight rates, reports…
Wan Hai reported first post-pandemic profit drop
Taiwanese container line Wan Hai Lines this week reported a net profit of TWD 93.12 billion (USD 3.0 billion) for…
DP World: predicts drop in freight rates during 2023
Arab shipping and port company DP World expects freight rates to continue to fall by as much as 20 percent in 2023,…
CMA CGM reports profit drop
Low freight rates were attributed to the drop in profits of the french container shipping line CMA CGM, reports…
Panama Canal reports a drop in Neopanamax cargo
The Panama Canal reports a drop in the tons of cargo that went through the new locks, on the contrary, in the old…
CNBC: Drop in freight rates indicates global recession according to S&P
The drop in freight rates as global trade volumes slow as a result of reduced demand for goods, the latest data…
Charter Market: lower tonnage rates drop
Lower tonnage container ships charter rates drop even though availability increased, and uncertainty is still…
Lockdown in China affects cargo demand
Factory closures, strict regulations for trucking between inland and port terminals caused export volumes to drop…