Whack, whack whack: it's my winter almanac
Goodbye 2022 … uh oh, here comes 2023
Oil prices are on the increase again, and pretty quickly too, leading some to wonder what will happen to carriers that have managed to overcome overcapacity woes via cheap fuel. What will happen to those balance sheets once fuel returns to the levels of a few years ago? In this fascinating Bloomberg interview, Norway’s petroleum and energy minister, Tord Lien, says it is unlikely and takes the unusual position – for a country dependent on hydrocarbon prices – that it shouldn’t happen. “It’s better to plan for $60 and let the people who want to hope for $100, hope for $100,” he said. “We saw oil prices hitting $140 a barrel, and that does not contribute to economic growth. So therefore I’m not hoping for it.”
Etail by air – here to stay or on a short shelf life?
Hong Kong drops out of world's top 10 busiest container ports
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Capture of MSC Aries will further drive up Indian export costs
Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
Cargo flows through Dubai delayed by flooding, with 300 flights cancelled
Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Alex Lennane
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mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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mobile: +44 7402 255 512
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