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Drewry eyes beginning of the end of major container upswing

The container market has turned and can see the beginning of the end of the extreme upswing. New numbers from World Container Index shows a ”material weakening” in spot rates, according to analyst.

Photo: Jonas Walzberg/AP/Ritzau Scanpix

There are many signs that the end of the container carriers’ major upswing has begun. However, this does not mean that a swift ”normalization” of an extraordinary market – which has sent earnings way up for carriers – will take place.

Such is the assessment in an analysis by maritime and supply chain consultancy firm Drewry, which highlights the recent decline in spot rates as a parameter indicating the market truly has turned.

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