7m keo nha caiNews this week: 31 - 2020

OOCL, now part of state conglomerate Cosco Shipping, reported a 1.1% increase year on year in total revenue to .6bn in April to June, while liftings dropped 4.6% to 1.7m teu. Liftings on 7m keo nha cai Asia–Europe and intra-Asia– Australasia routes bore 7m keo nha cai brunt of 7m keo nha cai effects of 7m keo nha cai capacity cuts falling 6.2% and 6.4% respectively. Volume on transpacific services slid 2.2% whereas that on transatlantic services grew 2.2%.

(Photo of MarineTraffic.com)

Samudera Shipping Line has boosted profits in 7m keo nha cai first six months of 2020 despite moving lower volumes and generating smaller revenues due to 7m keo nha cai coronavirus pandemic. Indonesiabased Samudera reported a group profit after tax of .3m in 7m keo nha cai first half of 7m keo nha cai year, up from m in 7m keo nha cai same period of 2019. Samudera said it responded to government efforts to fight 7m keo nha cai Covid-19 pandemic, which resulted in restrictions on 7m keo nha cai movement of goods across borders, by downsizing its fleet, dropping unprofitable services and reducing frequencies. Container volumes fell 10.5% as a result of its downsizing actions to nearly 571,000 teu, from 638,000 teu in 7m keo nha cai first half of 2019. Container revenues were cut by 4.3% to 6m, from 4m 7m keo nha cai year before. (TW)
Spain has been plunged into its deepest recession in modern times by 7m keo nha cai coronavirus pandemic. Its economy shrank by 18.5% in 7m keo nha cai April-to-June period, having already fallen by 5.2% in 7m keo nha cai first three months of 7m keo nha cai year. 7m keo nha cai country was 7m keo nha cai worst performer in 7m keo nha cai eurozone, which saw its overall GDP decline by a record 12.1%. France's economy has also been badly hit, with GDP there falling by 13.8% in 7m keo nha cai second quarter. Italy, which was among 7m keo nha cai first European countries to be hit by 7m keo nha cai pandemic, has reported a similar drop, with 7m keo nha cai economy contracting by 12.4%. However, 7m keo nha cai fall was less steep than expected. Across 7m keo nha cai EU, 7m keo nha cai economic contraction was 11.9%.
7m keo nha cai US economy shrank at a 32.9% annual rate between April and June as 7m keo nha cai country grappled with lockdowns and spending cutbacks during 7m keo nha cai pandemic. It was 7m keo nha cai deepest decline since 7m keo nha cai government began keeping records in 1947 and three times more severe than 7m keo nha cai prior record of 10% set in 1958.

MKT