OOIL sees record profits but expects challenges until H2 'at the earliest'
Orient Overseas (International) (OOIL) said the load factors on its OOCL container arm’s network “show ...
There seems no stopping the plunge in oil prices, Brent Crude has now fallen below $60 per barrel and analysts have given up predicting a price floor for the hitherto ‘black gold’.
As a consequence heavy fuel oil is now around $300 per tonne – about half the price of six months ago – and ocean carriers are of course accepting the considerable cost decrease with open arms.
In its Container Insight Weekly, Drewry analyses the impact on the bottom line for carriers and concludes that those container lines with a big-ship profile stand to see a lower fuel cost reduction in percentage terms on account of their existing higher per slot fuel efficiency, thus suggesting that the economics of the ultra-large containerships are under question.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
The rise and rise of China's ecommerce platforms
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
DSV chief reticent on Schenker: the focus on growing market share
Another strong month for US ports as container flows continue to rise
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
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