Volatile shipping market drags down OOCL’s 2025 financial results
The Hong Kong-based carrier ended the year with a $1.5 billion net profit, but that was a 41% drop from the robust earnings of the previous year.
The Hong Kong-based carrier ended the year with a $1.5 billion net profit, but that was a 41% drop from the robust earnings of the previous year.
Cosco did not give a reason for the move, but it comes just two weeks after the Panamanian government wrested control of Balboa and Christobal ports from Hutchison-owned operator Panama Ports Company.
Prioritizing renewable energy and leveraging data are some of the ways the brands are cutting their carbon footprint.
All major long-haul liners are seeking temporary supply chain asylum at Indian docks to offload boxes that departed China and Southeast Asia in recent days, according to market sources in India.
The new orders from the Taiwan-based carriers came as both reported lower net profit and revenues for 2025 due to softer freight rates.
Truck-air solutions are also taking off with rising interest from shippers as the Middle East war removes the popular sea-air services via Jebel Ali in the UAE as a viable option.
The electronics retailer is pursuing product configurations that minimize price pressures as the AI boom squeezes supply.
The agency in charge of enforcing US shipping law reminded the market that any change in ocean tariffs must come with a 30-day notice period prior to implementation so it can be reviewed.
The average price for a gallon of diesel fuel rose 96 cents for the week ending March 9, according to the Energy Information Administration, the biggest seven-day spike since the agency began releasing the data in 1994.
The agency in charge of enforcing US shipping law reminded the market that any change in ocean tariffs must come with a 30-day notice period prior to implementation so it can be reviewed.