Trump-Houthis deal – expect further 'rate declines...after port congestion'
Ocean: supply-demand balance getting ‘structurally looser’?
“Why should carriers honour contractual commitments when rates go up?”
So asked shipping master Lars Jensen in a LinkedIn post (excerpt below) that, by his own admission in the comment section of his missive, got massive traction on a Sunday*.
(*”Don’t people take time off from work related stuff on Sundays in this industry? The post got past 10,000 views in less than an hour,” he noted ––> this anecdotally speaks volumes about how relevant that topic now is in the sea ...
European port congestion now at five-to-six days, and getting worse
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