Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
usa's supply chain crisis strikes again! A major port strike is imminent, and the autos industry will be impacted.
① There is a high probability that tens of thousands of union members at ports along the East Coast of the USA and the Gulf of Mexico will go on strike starting from October 1st, affecting around 60% of the total shipping volume in the USA; ② According to experts' analysis, in terms of exports in the USA, the most affected commodity is plastics resin, while in terms of imports, the industry most affected is the automotive industry, especially considering that auto parts are important import products for the USA.
There's No Escaping Danaos Corporation's (NYSE:DAC) Muted Earnings
Is the East Coast port strike about to explode? Shipping companies are adding fees to cope, causing a sharp increase in Maersk's stock price.
①Maersk B-shares traded in Denmark rose nearly 4.9% at one point, reaching the highest level since August 2, with a cumulative increase of nearly 20% in the past two weeks; ②Maersk stated that even if the trade unions in the usa only lasted one week, it could still have a huge impact on the supply chain, causing four to six weeks of interruption.
Is the supply chain tension coming back? A major strike by port workers in the USA is imminent, accounting for 41% of total throughput in the country.
The upcoming port strike may close all ports along the East Coast and Gulf of Mexico for 36 days before the election, resulting in a more severe paralysis of the supply chain than during the COVID-19 shutdown.
usa may see its first strike since 1977! Well-known financial blogger: the $240 billion supply chain will "paralyze".
FX168 Financial News Agency (Asia-Pacific) News According to the well-known financial blog ZeroHedge, the large supply chain logistics operator Flexport in the United States has warned that the imminent port strikes before the November presidential election in the United States have raised concerns, with the threat of strikes at ports along the East Coast and the Gulf Coast approaching.
Danaos' (NYSE:DAC) Earnings Growth Rate Lags the 61% CAGR Delivered to Shareholders
Hong Kong stocks unusual movement | Shipping stocks continue to decline, with reduced support for shipping charter prices, and Maersk's large container price falls below $5000.
Shipping stocks continue to decline. As of the time of drafting, cosco ship engy (01138) fell 6.59%, reporting HKD 7.66; ooil (00316) fell 4.39%, reporting HKD 94.65; cosco shipping holdings (01919) fell 3.82%, reporting HKD 9.73; pacific basin (02343) fell 2.44%, reporting HKD 2.
Danaos (NYSE:DAC) Has A Pretty Healthy Balance Sheet
Big plunge! The European shipping line has accumulated a sharp drop of 62%, what happened?
What happened?
Will the strong momentum of the global container shipping industry's Q2 profit surge of over 10 billion US dollars continue?
A recent analysis revealed the astonishing profits of the global container shipping industry in the second quarter, totaling over $10 billion.
Strikes At US Ports, Canada's Railways May Cause Container Freight Rate Volatility
Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers
Danaos Goes Ex Dividend Tomorrow
Hapag-Lloyd to Increasingly Focus on Growth, Service Quality -- Update
Express News | Many routes saw a decrease in airfares, dragging down the sse conglomerates index.
Global shipping giant CEO: We have not seen any signs of decline in the United States, and China remains a strong global freight engine.
① The CEO of shipping giant Maersk stated that the demand for freight in the US is still strong and the company has not seen any signs of economic recession in the US. ② He also stated that China remains a strong engine for global freight. In the second quarter of this year, the share of containers originating from or bound for China increased globally.
Danaos Second Quarter 2024 Earnings: Beats Expectations
Danaos Corporation Sees Revenue Growth Amid Fleet Expansion
Danaos | 6-K: Report of foreign private issuer (related to financial reporting)