Mixed views on box shipping prospects as Cosco profits hit new high
The box shipping and port arm of state conglomerate China Cosco Shipping Corp expects its net profits covering July-September to reach $4.7bn
US retail inventory has returned to pre-pandemic levels, while consumer spending on goods has shown signs of a dip. Slowing cargo demand could release more carrying capacity. This could mean that freight rates lose their main support from the logistics bottleneck at some point next year
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