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🌍 Global TEU vs. Europe - Q2/2024
🛳️ Carrier Profits Soar
💹 Chinese Ports Hit 190M TEUs
🌟 Global Schedule Drops to 52.1%
🌍 Top 10 Forwarders in 2023
💦 Container Ship Orders: 1.59M TEUs
📈 Container Rates Threaten Margins
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"All of us have in our veins the exact same percentage of salt in our blood that exists in the ocean, and, therefore, we have salt in our blood, in our sweat, in our tears. We are tied to the ocean. And when we go back to the sea, whether it is to sail or to watch it, we are going back from whence we came." - John F. Kennedy
🚢 Maritime Trivia: Container Shipping Quiz Time!
Previous Answer: All of the Above
🌍Global TEU Vs. Europe (Import-Export) - Q2/2024🔥
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🛳️Container Carrier Profits Skyrocket Amid Record Volumes and Rising Rates
Global container shipping profits surged over $10 billion in Q2 2024.
Increased volumes and higher freight rates, driven by Red Sea diversions, fueled the growth.
Major carriers like Maersk and Cosco saw profits nearly double from Q1.
Shipping volumes hit a record 46.4 million units, surpassing the 2021 peak.
US demand remains strong amid tariff concerns and potential port strikes.
💹Chinese Ports Handle Record 190 million TEUs in 2024
Chinese ports processed 190.9 million TEUs from January to July, an 8.3% increase year-on-year.
Shanghai Port saw a July throughput of 4.84 million TEUs, up 15.1%.
Ningbo Zhoushan Port handled 3.35 million TEUs in July, a 5.3% rise.
Both ports reported significant volume increases of 8.6% and 7.9% respectively in the first seven months.
🌟Global Schedule Reliability Drops to 52.1% in July
Global schedule reliability fell by 2.1 percentage points to 52.1%.
Year-on-year, reliability decreased by 12.0 percentage points.
Average vessel delays slightly improved to 5.24 days.
Maersk led with 54.6% reliability; Wan Hai was lowest at 41.3%.
ZIM and MSC saw m-o-m improvements, while Wan Hai's reliability dropped by 11.6 points.