More blanked voyages expected as carrier efforts to drive up rates falter
Container spot rates were largely unchanged for a third consecutive week, as it became evident ...
ID 185309792 © Yurii Kibalnik | Dreamstime.com
The economics of the container shipping industry are absurdly simple – just supply vs demand.
What is so fiendishly difficult is judging how much of either factor there is. And not just in pure numbers, but in the way that external factors such as strikes and storms; congestion and conflict can hugely influence not only levels of supply and demand, but the perception of those levels.
This gives the sector the weird potential of simultaneously being utterly predictable and wildly irrational, as ...
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