Reported 12 months ago
Maersk, a shipping giant, anticipates that the global container shipping port congestion and detour issues will continue into the third quarter, leading to further price increases. As freight rates keep rising, the second and third quarters are expected to be peak periods for container shipping prices, resulting in a significant leap in profits. Maersk indicates that the container shipping disruption caused by the Red Sea issue will persist into the third quarter, while detouring around the Cape of Good Hope has increased sailing time and boosted prices. Analysts believe that major shipping companies like Evergreen, Yang Ming, and Wan Hai have profit potential this year. With the ongoing price changes in the market, shipping companies are expected to see increased profits in the third quarter, making them attractive for investment.
Source: YAHOO