Have spot rates reached their peak? 'We're not out of the woods yet'
There are tentative signs that soaring container spot rates may be coming to an end ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
The irascible Michael Gray, easily one of the finest maritime scribes writing today, returns to a pet topic – the pernicious effects on maritime operations that results from the relentless drive for lower freight costs. In this instance, it’s the grounding of a small container feedership off Scotland, the direct result of employing sub-standard crew and officers because they are cheaper. “Shipping’s ability to provide its services so cheaply, could almost be ranked as a branch of the social services.”
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