{"id":9620,"date":"2024-05-29T15:00:01","date_gmt":"2024-05-29T15:00:01","guid":{"rendered":"https:\/\/axxessintl.com\/container-shipping-industry-bounces-back-with-5-4-billion-profit-in-q1-2024\/"},"modified":"2024-05-29T15:00:23","modified_gmt":"2024-05-29T15:00:23","slug":"container-shipping-industry-bounces-back-with-5-4-billion-profit-in-q1-2024","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/container-shipping-industry-bounces-back-with-5-4-billion-profit-in-q1-2024\/","title":{"rendered":"Container Shipping Industry Bounces Back with $5.4 Billion Profit in Q1 2024"},"content":{"rendered":"<p>The container shipping industry has reported profits of $5.4 billion in the first quarter of 2024, marking an impressive turnaround following six consecutive quarters of decline, according to liner industry expert\u00a0John McCown.<!--more--><\/p>\n<p>According to McCown, longer voyages due to Red Sea diversions have led to a reduction in global capacity by 8%. At the same time, there was a 9.2% rise in volumes in the first quarter of 2024, compared with the same period last year.<\/p>\n<p>McCown pointed out that the unexpected increase in volume significantly bolstered rates, but it\u2019s the Red Sea situation that is proving to be a pivotal factor behind the recent surge in price strength.<\/p>\n<p>Read more in an <a href=\"https:\/\/ciffa.apms5.com\/anywhere\/m?s=ciffa&amp;m=s_9981ab80-b53c-4203-9cc5-ad7332f3299a&amp;u=e1jq4wvfdtfm8dhg6n1k4hj45n2mad255mu36ha25n13ada35mt3jc1m6rtm8cj370uk8&amp;r2=d1u78w3k78qjytv3c5r78rb9drq66vvd5xhpyvkmc5mpwtbj5ntpgubge1mpwttdd5q68xbkeht7jbb2dxupwrv5ecpp4rb3dcpqeubmd0pkab9m5nh6jv3cd5qpwbbge9qpcubm5nmpwbbh64pk4c1j6gqg&amp;n=6\">article from gCaptain<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The container shipping industry has reported profits of $5.4 billion in the first quarter of 2024, marking an impressive turnaround following six consecutive quarters of decline, according to liner industry expert\u00a0John McCown.<\/p>\n","protected":false},"author":15,"featured_media":9618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[1178],"types-de-nouvelles":[],"class_list":["post-9620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-john-mccown-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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