China Eyes Stabilizing Prices in Container Shipping Market

  • China’s Ministry for Commerce to step in to stabilize the container shipping market.
  • Ministry is in talks with the ministry of transport and other related departments to adopt measures to increase shipping capacity and stabilize freight rates.
  • Media speculation indicates shipping lines could be called to a series of meetings to discuss the container shortage and high rates.

A LoadStar news reveals that China is taking adequate steps to stabilize the container shipping market.

Lines will be...

https://mfame.guru/china-eyes-stabilizing-prices-in-container-shipping-market/

High Demand & Rigorous Costs Help Hapag-Lloyd Upgrade Q3 Profits

  • Performance of container shipping market and Hapag-Lloyd in Q3 much better than anticipated.
  • Compared to Q2 much stronger demand and higher revenues in Q3.
  • Performance Safeguarding Program running successfully.

According to a recent Hapag-Lloyd press release published in its website, Hapag-Lloyd updates forecast for financial year 2020.

Hapag-Lloyd’s earnings increase

On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the third quarter 2020...

https://mfame.guru/high-demand-rigorous-costs-help-hapag-lloyd-upgrade-q3-profits/

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