The third biggest shipping line, CMA CGM, swung firmly back into the black in the first half of this year with a whooping US$864 million profit compared with a loss of $518 million in the same period a year earlier.
Small lines steal transpacific show
Smaller container shipping lines are showing up the big players by going fully loaded on the transpacific route in the peak season. Four new services have been launched in recent months and two more are on the launch pad.
Profits look good, but fourth quarter looms
Visibility for the container shipping industry extends into late September then dissolves into a murky and scary final three months in the run-up to Christmas.
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