Opinion: Collapsed rates are only a partial truth of the new normal

Carriers’ profitability seems to settle far above the levels found before to the pandemic, even though freight rates have collapsed, writes Lars Jensen.
Lars Jensen, shipping analyst and founder of consultancy Vespucci Maritime, will from now on deliver opinion pieces to ShippingWatch twice a month. | Photo: Magnus Møller
Lars Jensen, shipping analyst and founder of consultancy Vespucci Maritime, will from now on deliver opinion pieces to ShippingWatch twice a month. | Photo: Magnus Møller
By LARS JENSEN, analyst and founder of Vespucci Maritime

We have entered the season where container carriers publish Q1 results for 2023 while data related to demand developments regionally and globally for full Q1 are also being made available.

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