Comment / OceanX: Flying dreams, results galore – and the SVB dive

© Mopic

I’ve been back in Switzerland for a week now, and our industry keeps spinning.

The first Asia-Europe rates in the 3-digits-per-40’ are flying around, apparently driven by our friends at Maersk who seem to have woken up and noticed the massive loss of market share – and are now trying to buy back the favour of forwarders. Meanwhile anecdotally, demand remains weak in March so far, but most projections for the year still see about 1.4% market growth in volumes globally ...