The Loadstar

AFR: Toll eyes cargo ship sales

The Australian Financial Review reports:
Toll Holdings is considering selling two expensive new cargo ships it spent $172 million buying only a year ago as the struggling logistics group tries to raise cash to pay down debt.
Toll, which is …




Container shipping could be facing a $10bn-plus loss for 2020

Ocean carriers generally managed to navigate the supply-disrupted first three months of the year quite well, but the demand-disrupted next quarters are likely to tip the industry into significant financial loss, according to a senior analyst.
Based on the Q1 …