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

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