Stay updated with breaking news from Freight Waves. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The year is almost a third over, and with each passing month, shipping lines look increasingly likely to pocket even more cash in 2022 than in record-trouncing 2021. New data and commentary released Tuesday by ocean carrier Maersk, freight forwarder Kuehne+Nagel and consultancy Drewry highlight just how profitable this year is looking for ocean carriers ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
First came China’s Wuhan lockdown in February 2020. Then came the closing of Yantian in Shenzhen, the world’s fourth-largest port, in June 2021. Now, Shanghai — site of the world’s largest port — is in extended lockdown. The first two events had extreme effects on container shipping to the U.S. But Shanghai is no Wuhan ...
Shipping stocks fell sharply on Monday as Wall Street’s main indexes closed higher. Multiple shipping names sank by double digits, adding to last week’s pullback. U.S.-listed shipowner shares face simultaneous sentiment pressures on multiple fronts. The longer China’s COVID lockdowns last and the further they spread, the more concern there is on China’s economy, its ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero