The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fast-paced transition towards a more sustainable future. In the absence of a ‘silver bullet’ for shipping’s commercial fleet, choosing the right evolutionary pathway for vessels will require a sophisticated
Descartes: Imports rose 7.2% month on month yet still down to 2019-2020 levels In January, U.S. containerized imports logged their highest month-on-month gain since last May, according to data from Descartes. Inbound volumes rose 7.2% versus December to 2,068,493 twenty-foot equivalent units, Descartes reported Wednesday. That’s the good news.
Earnings are expected to plunge by up to 78% in 2023 A.P Moller-Maersk, operator of the world’s second-largest container line, announced fourth-quarter results in line with expectations on Wednesday. But its outlook for 2023 came in below consensus, with rates expected to be particularly weak in the second half
Hapag-Lloyd Q4 2022 EBITDA over 7 times higher than Q4 2019 EBITDA Spot container shipping rates in many trades have already collapsed back to pre-COVID levels. But container liner earnings are still nowhere near where they were pre-pandemic. Ocean carriers are still earning billions more per quarter than they
