Vietnam Rides to ONE’s Rescue as Rate Collapse Cuts Outlook — Panjiva


Vietnam Rides to ONE’s Rescue as Rate Collapse Cuts Outlook

China 2068 Corp - Shipping 675 Earnings 389 Japan 435 Mode - Containerized 1099 Mode - Seaborne 1395 U.S. 3781 Vietnam 213

Ocean Network Express reported revenue growth in calendar 3Q / fiscal 2Q that was 3.3% below the firm’s expectations due to freight rates that were “below expectations for Asia-North America” and Asia-to-Europe container shipping lanes. There’s little sign of recovery in October so far according to S&P Global Platts data. On a more positive tack though, capacity utilization rates improved including a 94% rate on Asia-to-North America lanes compared to 90% a year earlier in 3Q . The comparator is somewhat soft though – ONE’s initial integration from operations contributed by K-Line, Mits...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.