Container trade economics – what to look for now
Making sense of a fools’ game
Flexport has told customers it welcomes the newfound riches of the shipping lines – and that the “last thing” the industry needs is another box line bankruptcy.
At a customer event last week, chief executive Ryan Petersen said: “The shipping lines are finally turning a profit, and they built these huge expensive ships, so let’s not get too upset.
“It’s a relatively competitive market – less than it was, but it’s still competitive. And then China stepped in [to encourage rate stabilisation]. If ...
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Comment on this article
Ketan Dholakia
October 21, 2020 at 1:51 pmSo what new information was made available here please?