Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Intra-Asia Container Carriers Wan Hai Lines, TS Lines Also Feeling the Pain of Lower Freight Rates

Maersk Q126 Results: Strong Volume Growth, Delayed Fuel Impact, But Profitability Still Plunged

Maersk Q226 Results: Price Gains Exceeded Fuel Cost Increases (By a Lot) | Guidance Lifted Again!

Monthly Container Shipping Tracker | Weak Price in Jan-Feb | Softer NAM Demand | Now US Tariff Mess

Maersk FY25 Results and FY26 Guidance: Leading Carrier Expects FY26 EBIT Loss Due to Lower Rates

Monthly Container Shipping Tracker | Iran Conflict Lifts Fuel Prices, Spot Rates, & Carrier Shares

Hapag-Lloyd Announced US$4.2 Bn Bid for Israel's ZIM | Unfortunately, We Can't Get the Math to Math

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Bottom-Up

Orient Overseas (International) / Equity Bottom-Up

<ul>
<li>Spot <em>freight rates</em> are fading again in mid-April, despite ongoing conflict in Strait of Hormuz</li>
<li>Spot <em>fuel prices</em> remain high and we believe Q126 OP margins will show sharp compression</li>
<li>We expect shares in container segment to give back all of March's gains, and then some</li>
</ul>


Spot freight rates are fading again in mid-April, despite ongoing conflict in Strait of Hormuz
Spot fuel prices remain high and we believe Q126 OP margins will show sharp compression
We expect shares in container segment to give back all of March's gains, and then some


ZIM Integrated Shipping Services (ZIM US)

Monthly Container Shipping Tracker | March Price Weak, April Spot Rates, Too | Fuel Starting to Bite