Old wooden jetty, pier, during storm on the sea.
ID 41679112 © Michal Bednarek | Dreamstime.com

At Loadstar Towers, in classic bearish fashion we contemplated last night the succulent prospect of negative freight rates in ocean – or, at least, the possibility they would plummet to zero on specific trade lanes.

(Call the latter a best case thought-provoking exercise.)

It was in the late 90s, my Loadstar colleague Nick Savvides recalled, when a logistics manager from Dutch firm Koninklijke Philips willingly disclosed to him that to ship goods from Europe to Asia, the ocean freight market was so ...

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