More Shipping Lines Set to Plunge into Losses in Q4
Ocean carrier operational profits fell below pre-pandemic levels in the third quarter – and results for Q4 are likely to be a whole lot worse.
Container Shipping Rates Sinking Further into the Red
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory.
Carriers Forced to Idle New ULCVs as Soon as They Are Delivered
Newbuild 24,000-TEU ultra-large container vessels are now being idled as soon as they are delivered in Asia, as carriers are obliged to blank more sailings due to weakening demand.
Blanked sailings now ‘part of normal shipping business life
Blanked sailings have become “part of normal shipping business life” on key east-west container tradelanes, suggests Alphaliner in its latest weekly report. However, other experts question just how much is actually blanked.
