Container shipping trilemma: Weak rates, new ships, pricey charters | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Shipping faces fallout as China's post-COVID rebound falls flat | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Zim, an Israel-based shipping company, is grappling with falling freight rates, an influx of new ships, and expensive vessel leases signed during the shipping boom, prompting the company to seek early termination of some leases to mitigate losses.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects. The post Shipping faces fallout as China’s post-COVID rebound falls flat appeared first on FreightWaves.
Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters. The post Container shipping trilemma: Weak rates, new ships, pricey charters appeared first on FreightWaves.