The world's largest ocean freight forwarder: there is no peak season this year!
NO.1 Kuehne & Nagel: There is no peak season this year!
KuehneNagel, the world's largest sea freight forwarder, has poured cold water on this year's sea freight season. Both Kuehne & Navigator and DSV have recently announced their first-half results, and their profits have fallen sharply, which is consistent with the downturn in the entire industry.
Stefan Paul, chief executive of Kuehne & Nagel, said: "It is not expected that there will be a peak season in 2023, and there are no signs of sea and air freight, but we believe that there may be an inflection point in the second half of the year."
It is reported that Kuehne & Nagel's definition of peak season is that the volume of goods in August-November will increase by at least 10%-15%.
NO.2 Maersk started chartering a large number of ships, what's going on?
According to statistics in the latest weekly market report by the French shipping consulting company Alphaliner, among the world's top 10 container shipping companies, Maersk is the container shipping company that cut the largest shipping capacity in the first half of this year.
But recently, Maersk has quickly chartered 6 ships in a short period of time, the largest is the 6078TEU ZIM PUSAN, and the smallest is 4 ships of the 1700-1800TEU class.
Analysts at Alphaliner said in the weekly report that the recent reduction in charter rates may be the main reason why Maersk started chartering ships, and whether this trend can continue needs further observation.
Lars Jessen, a well-known shipping analyst, said that Maersk's recent chartering behavior may be to make up for the vacancies of some leases that are about to expire, and does not think that Maersk has expectations for the market.
The latest performance of NO.3 ONE is released! Net profit after tax fell 91%
Recently, Ocean Network Union Shipping (ONE) announced its performance report for the first quarter of fiscal year 2023 (April 1 to June 30, 2023).
During the reporting period, ONE achieved operating income of US.765 billion, a year-on-year decrease of 58%; profit before interest, taxes, depreciation and amortization (EBITDA) of US0 million, a year-on-year decrease of 87%; net profit after tax was US3 million, a year-on-year decrease of 91%.
In addition, during the reporting period, ONE achieved a cargo volume of 2.825 million TEUs, a year-on-year decrease of 4%.
Among them, the cargo volume of the Asia-North America eastbound route is 578,000 TEU, and the space utilization rate is 82%; the cargo volume of the Asia-North America westbound route is 291,000 TEU, and the space utilization rate is 44%; the cargo volume of the Asia-Europe westbound route is 385,000 TEU , The space utilization rate is 94%; the cargo volume of the Asia-Europe eastbound route is 240,000 TEU, and the space utilization rate is 54%.
NO.4 Net profit decreased by 83%, Pacific Shipping announced its first-half results
Recently, Hong Kong dry bulk carrier Pacific Basin announced its interim results for the first six months of 2023. The company's first-half turnover was US.1481 billion, a year-on-year decrease of 33%; basic profit was US.2 million, a year-on-year decrease 83%, net profit of 85.3 million US dollars, a year-on-year decrease of 82%.
According to Pacific Basin's report, in the first half of the year, the company purchased more modern cargo ships, including five super handy size dry bulk carriers, one super handy size dry bulk carrier and one handy size dry bulk carrier, while Sale of two older handysize dry bulk vessels to gain return on value and meet stricter environmental regulations.
Since the beginning of 2021, Pacific Basin's own fleet has grown by 6% in deadweight capacity and now has a total deadweight capacity of 5,300,000 dwt, of which 55% are Supramax dry bulk vessels. The company currently operates 121 Handysize and Supramax dry bulk vessels and operates a total of approximately 282 self-owned and chartered vessels.
NO.5 FedEx upgrades international priority express service in the Middle East and India
Recently, FedEx announced that it will upgrade its international priority express service in the Middle East and India to improve the efficiency of cargo circulation and help customers seize global market opportunities in a timely manner.
Starting August 1, FedEx will further shorten transit times on the International Priority Express service for exporters in the UAE, Saudi Arabia and India.
The upgraded FedEx International Priority service will deliver shipments to major markets and regions around the world within 2-3 business days, and for most markets, this improvement means that the transit time is reduced by at least one day compared with the original , providing time-definite delivery with speed and reliability for customers who want to ship important and urgent shipments. In addition, this service includes FedEx door-to-door service and customs clearance service.
