The falling spot rates on container freight may put container carriers’ enormous earnings under heavy pressure, since a growing part of this income comes from contract customers, and these may be on the way out.
Such is the prediction by Bjørn Vang Jensen, adviser at Sea-Intelligence and former logistics head at Electrolux, and Peter Sand, chief analyst at analyst firm Xeneta.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
DHL reports “record operating profit” for the second quarter
DHL saw double-digit growth in revenue and a record operating profit in Q2. The freight division has delivered an “outstanding quarterly result,” says the logistics group Friday.
Seaspan owner receives takeover proposal from group that includes ONE
The parent company of Seaspan, the world’s largest lessor of container vessels, has received a ”take private” bid from a group of existing shareholders and Japanese liner major ONE.
DFDS has large sums caught in European VAT spat: "This will affect all forms of transport"
A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.
Norden announces fourth upgrade this year due to product tanker upswing
The shift from dry bulk to product tanker during Q2 has seemingly worked out well for Danish carrier Norden, which now expects a 2022 result of USD 560-640m.
DHL shuts down internal business in Russia but reopens in Ukraine
DHL terminates its transport business in Russia but slowly begins reopening activities in Ukraine, which have been shut down for safety reasons.
Head of Airfreight 
Operations Controller – Weco Tankers 
A lawyer (chief consultant) is wanted for People & Culture 
Senior Associate – Group Strategy Office 
Adm. Director of Svendborg District Heating 
Legal secretary for Shipping / Offshore / Transportation 
Operations Manager for B-Gas A/S in Copenhagen 
Logistics coordinator with responsibility for our shipping activities 
Assistant Fleet Superintendent