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.
by SØREN PICO
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.
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