'Pay to play' is back as shippers face a 'brutal shipping environment'
Forwarders are warning that the recent recovery in spot rates on the transpacific and Asia-Europe ...
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© Yolfran
| Dreamstime.com
Wind the clock back a few weeks, if you can remember which phase of insanity the shipping market was passing through*, and only a madman would have predicted that come the first quarter earnings season analysts would be asking themselves why management teams weren’t raising their full-year profit forecasts.
(*Hint: it was the one where shipping lines were staring down the barrel of the metaphorical gun in the shape of massive overcapacity and loss-making freight rates; before their crews found themselves ...
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