Hapag-Lloyd raises earnings outlook for 2024
NewsHapag-Lloyd has raised its earnings outlook for 2024, driven by stronger-than-expected demand and improved freight rates despite rising operational costs.
As this issue was going to press, it was estimated that upwards of 800,000 TEU of new container equipment was stacked up in Chinese container manufacturers’ yards awaiting pick up. Add depot stocks and the total idle equipment inventory in the country is probably over 1 mill TEU.
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