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Yahoo
14-07-2025
- Business
- Yahoo
China-US container trade trending down as peak season nears
Indicators of China-U.S. container traffic are trending down even as the peak shipping season draws closer. On Monday the Port of Los Angeles Port Optimizer showed 128,720 twenty foot equivalent units (TEUs) import volume due in July 13-19, up 8.68% from the past week and 13.23% ahead of the year-ago week. That's the good news. More troubling, the port is showing 120,072 TEUs arriving the week of July 20-26, down 6.72% w/w and 11.47% y/y. Worse yet, projected import volume for July 27-August 2 plunges to 78,025 TEUs, a decrease of 35.02% w//w and 22.10% from a year ago. Similarly, the SONAR Inbound Ocean TEUs Volume Index, China to the United States, fell to 929.53 as of Monday. The Ocean TEU Index represents how much containerized volume is being tendered to ocean carriers (booked) with ocean carriers and/or 3rd party logistics companies (freight forwarders/ NVOCCs). The decline comes as global container volumes reached a record 16.34 million TEUs in May, breaking the previous record of 16.31 million TEUs set in March of this year, according to Container Trade Statistics. Total exports from the Far East region grew 3% y/y in May, most in the world, on record traffic to Europe. Notably, North America and Central and South America saw export volumes tumble from April, off 9.2% and 3.5%, respectively. Imports in April to May were stronger as North America saw a 2% increase year-to-date, even as May volumes fell 9%. Europe containers were up 10% in May y/y. Find more articles by Stuart Chirls Q2 volumes up 4.4% for OOCL parent Longshore unions to unite for 'anti-automation' protest Tariff pauses 'unlikely' to halt tumbling trans-Pacific rates: Freightos June rebound as West Coast containers best East, Gulf ports The post China-US container trade trending down as peak season nears appeared first on FreightWaves.
Yahoo
14-03-2025
- Business
- Yahoo
Amid ocean container liner gains, Zim earnings shine
Zim Integrated Shipping Services Ltd. results saw a significant turnaround as strategic operational expansions and increased market penetration yielded substantial gains in 2024. The world's 10th-largest carrier said full-year revenues soared to $8.43 billion, up 63% year over year as net income of $2.15 billion improved a loss of $2.69 billion in 2023. Adjusted earnings before interest, taxes, depreciation and amortization reached $3.69 billion, up 252% y/y. Fourth-quarter revenues climbed to $2.17 billion, an 80% increase from the same period in 2023. Net income stood at $563 million, from a loss of $147 million. Israel-based Zim (NYSE: ZIM) achieved a 14% increase in carried volume for 2024, ahead of global growth of 6.2%, according to industry data cooperative Container Trade Statistics (CTS), with a record-breaking 982,000 twenty-foot equivalent units transported in the fourth quarter alone. The average freight rate per TEU reached $1,888 over the year, representing a 57% year-over-year increase and outpacing the 18% industry average gain tracked by attributed growth to fleet upgrades and strategic alignments on key trade routes, particularly between Asia and the U.S. East Coast. It also profited handsomely from a decision in 2024 to leverage earnings against spot volumes in the trans-Pacific trade. For 2025, Zim projects an adjusted EBITDA between $1.6 billion and $2.2 billion, with adjusted earnings before interest and taxes expected to range from $350 million to $950 million. These projections reflect the company's confidence in sustaining its positive momentum, but the carrier in a release said it remains vigilant about geopolitical tensions and uncertain economic policies affecting global trade dynamics. The company declared a Q4 2024 dividend of $382 million, contributing to a total dividend payout of $961 million for the year, or approximately 45% of net more articles by Stuart Chirls sees strong 2024 results despite ocean shipping challenges Arrival of world's largest car carrier marks Texas port's gateway strategy US opening investigation into container shipping choke points Container imports headed for summer doldrums, says NRF The post Amid ocean container liner gains, Zim earnings shine appeared first on FreightWaves. Sign in to access your portfolio
