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Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
Pangaea Logistics Solutions (NASDAQ:PANL) Shareholders Have Earned a 22% CAGR Over the Last Five Years
Pangaea Logistics Solutions Up Over 7%, on Pace for Largest Percent Increase Since January -- Data Talk
Is the ticking time bomb of the East Coast port strike about to explode? Shipping companies are adding surcharges to cope with it, and Maersk's stock price is soaring.
1. The B-shares of Maersk, traded in Denmark, once rose by nearly 4.9%, reaching the highest level since August 2, with a cumulative increase of nearly 20% in the past two weeks; 2. Maersk stated that even if the strike in the USA only lasts one week, it may have a huge impact on the supply chain, causing a disruption of four to six weeks.
Pangaea Logistics Solutions to Buy 15 Handy Vessels for $295 Million in Stock, Assumed Debt
Pangaea Logistics Solns: Will Issue Approximately 19.0M Shrs Common Stk to SSI Equal to Approximately 29% of Company's Outstanding Common Stk Upon Completion of Transaction >PANL