Drewry: Container rates have bottomed out
The extremely dire container market has now bottomed out, notes Drewry, pointing to increasing rates going forward. However container carriers have aimed too low in their contract negotiations and still face significant losses in 2016.
BY DANIEL LOGAN BERG-MUNCH
2016 has thus far been an extremely volatile year for the container industry. Spot rates have set record lows and carriers' earnings have plunged to a historic rock-bottom.
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