Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
The ‘jury is out’ on whether container spot rates have bottomed-out, but on the key ...
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The latest container forecaster publication from Drewry Maritime Research delivers an optimistic note for carriers – sort of. Despite a second quarter defined by recovering seafreight rates, a whole heap of uncertainty remains; “carriers could make as much as $1.8 billion profit or a loss of $1.3 billion”. Much will depend on whether they maintain their new-found sense of discipline.
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