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Q2 23 earnings from the carriers are gradually coming in and so far, despite the large drop in revenues and margin pressure from the Covid utopia, are still healthy. At levels that before the pandemic would have been considered great.

In fact, rates do have quite some more space to move downwards if any players should be up for a real bloodbath. 

The Big Bang last week, of course, was Mærsk’s much-awaited interims. While a big fan of ...

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