EMS: We benefit from oversupply

The large oversupply of tonnage in a lot of shipping segments is not necessarily bad news for EMS Seven Seas the company’s CEO tells ShippingWatch.

The capacity crisis in shipping with the number of ships in a lot of segments exceeding the freight volume needed to be transported gives cause for concern as well as optimism in EMS Seven Seas. So the company CEO, Morten Perssen, tells ShippingWatch.

“The number of ships increases more than the world trade so a lot of our customers are in difficulties. That is on one side a concern for us but it means that they are very interested in reducing their own costs and reducing the number of suppliers. And as we are one of the only global suppliers, we will benefit from this,” Morten Perssen says.

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