Container Shipping Industry Sees Exponential Profit Surge Driven by Red Sea Situation
The container shipping industry has experienced a remarkable turnaround in the third quarter of 2024, with total net income soaring to $26.8 billion, marking a
The container shipping industry has experienced a remarkable turnaround in the third quarter of 2024, with total net income soaring to $26.8 billion, marking a
The ten largest U.S. container ports reported a 10.9% year-over-year increase in inbound volumes in September, marking the twelfth consecutive month of
The ten largest U.S. container ports witnessed a staggering 19.3% year-over-year increase in inbound container volume this August, according to the latest
The container shipping industry reported a significant profit increase in the second quarter of 2024. According to John McCown’s quarterly report on
The ten largest container ports in the United States experienced “striking” growth in year-over-year inbound cargo volumes in July, according to
The container shipping industry has reported profits of $5.4 billion in the first quarter of 2024, marking an impressive turnaround following six consecutive
By Gavin van Marle (The Loadstar) – The main US ports enjoyed another stellar month in March, according to new figures from noted analyst John McCown
(Bloomberg) — The biggest US ports are stretching capacity limits and need to expand to handle anticipated growth in inbound shipping, according to
The container shipping industry experienced a second straight earnings downturn in the fourth quarter of 2022, with net income reaching $34.7 billion,
The top ten container ports in the U.S. had a their biggest monthly decline on record in February, reflecting the dramatic boom-to-bust cycle caused by the
Container imports into the U.S. recored the biggest decline in more than a decade last month. In his latest ports report, industry veteran John McCown said
U.S. container ports experienced the largest contraction of inbound containers ever in the final months of 2022 as a slowdown in global trade continues to
Imports through the top ten container ports in the U.S. marked the largest overall monthly decline since the financial crisis and likely the largest single
The results are in. The container shipping industry earned profits of $58.9 billion in the third quarter, breaking a streak of seven straight record quarters
Imports into the top 10 U.S. container ports fell 5.5% in September driven by a steep drop on the West Coast, industry veteran John McCown said in his latest
With U.S. port data from August trickling in, we’re getting greater insight into the West to East cargo shift that continues to play out in the United
As part of the directives to the Federal Maritime Commission (FMC) contained in the three month old “Ocean Shipping Reform Act of 2022” (OSRA 2022), the
While inbound container growth appears to be flattening for now, the long-term outlook spells trouble for U.S. ports. Liner industry veteran John McCown,
By Brendan Murray (Bloomberg) — The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%,
Ocean carriers raked in a “mind-bending” $59.3 billion profit in the first quarter of the year—the highest quarterly earnings in container
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