Comment / OceanX radar: Happy Golden Week! Crisis overkill! The downhill slope to rates normality?

Photo 7958956 © Steve Estvanik | Dreamstime.com

Happy Golden Week in China – which invariably means less production out of the world’s largest export market for the next week. Sea freight rates continue their decline and carriers have started blanking sailings in an effort to stop the rate slide… meanwhile, the largest orderbook in history is breathing down their necks.

Economic news from the markets is nothing short of a nightmare: stock market crisis, energy crisis, inflation crisis, political crisis, pipeline bombing crisis… take your pick out of ...