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Japan Airlines resumes dedicated cargo flights to Taiwan
Japan Airlines re-launches freighter cargo service to Taiwan after 14 years, marking a significant milestone in air transport between Japan and Taiwan. Witnessed by key personnel, the company’s strategic move aims to bolster cargo transport and enhance aircraft utilization in anticipation of long-term growth in the market.2024/02/20 14:19 -
Maersk layoffs send shipping stocks tumbling
Global shipping leader Maersk’s decision to cut its workforce by 10,000 has caused a downturn in shipping stocks on November 6th. Within the first ten minutes of trading, Evergreen Marine (2603) dropped 4% to NT$107.5, while Yang Ming Marine Transport (2609) and Wan Hai Lines (2615) also experienced turbulence with declines of over 2%. Following Maersk’s announcement, the company’s stock price fell more than 18%. The shipping industry is currently facing numerous challenges, including sluggish cargo demand, falling freight rates, rising energy costs, inflation, and geopolitical tensions. Maersk CEO Vincent Clerc described these challenges as the "new normal." Insiders have noted that the shipping market is not as robust as it has been in recent years, leading to uncertainty and a "supply-demand imbalance" in the coming year.2023/11/06 20:06