Shipping line fortunes may be looking up after a dire fourth quarter
The last three months of 2023 were some of the worst for liner shipping’s finances ...
Maintaining its aircraft were “a drag” for FedEx and pulled down its bottom line, according to its second quarter results announced this morning. Earnings increased less than expected by analysts, although the express company has benefited from falling fuel prices. Freight revenue grew 11%, express was up 3% and its ground division rose 8% to give it an overall second quarter profit of $616m on revenues of $11.9bn.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Hong Kong drops out of world's top 10 busiest container ports
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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