A late surge in air freight volume last year was not enough to prevent a full year drop in Cathay Pacific cargo revenue of almost 30 percent.
The Hong Kong-based carrier reported its 2009 annual results today in which it made US$2.
Bold CSCL bid to exit box jam
China Shipping Container Lines (CSCL) is deploying four extra vessels - three 8,500 TEU vessels and one 4,250 TEU ship - for the next two months on the Asia-Europe route jointly operated with Evergreen in anticipation of a surge in trade on the route.
No sign of partnership as shippers vs carriers
Everything points to a titanic struggle between container lines and shippers at the freight rate contract negotiations on the transpacific in the next couple of months.
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