News Snapshot:
Supply chain: Capacity up, earnings down as pandemic economy boom turns bust for ocean container carriers Container shipping companies in B.C. and elsewhere in North America face earnings navigation complications in 2023 as the worldwide downturn in the industry continues to deepen. The steep drop in net income for major shipping lines is consistent with a slowdown in demand on the transpacific and other major trade routes. Fourth quarter 2022 financial results for the global container shipping fleet compiled by industry analyst John McCown show net income down 33.9 per cent to US$34.7 billion compared with the same quarter in...
