Container rate rally has more legs than bears assume
Precision needed on what drives box rates
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The ’Drewry Container Forecaster’ webinar that took place today was a very good reminder of where the wind is blowing in container shipping.
First off, the market may be “getting off the floor”, based on the indications contained in the chart below…
… but, connecting the dots, there remains a side issue, as flagged by our market guru Mike Wackett last week: “Boxship demolition sales disappoint analysts as charter market booms“.
(Just as Drewry today confirmed that demolitions/idle fleet “are still well below ...
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