ShippingWatch

Electrolux CEO sees 'horrendous' trend in core market

While container lines are struggling with overcapacity and extremely low rates, the CEO of leading shipper Electrolux describes the development on one of the most important markets as 'horrendous'. A downturn may last for years.

Photo: Nick Ut/AP/POLFOTO/arkiv

Just as the coating on a Triple-E ship is a good indicator of the progress of world trade and the global economy, the sale of cars and washing machines can also signal the health of the market.

That's why it's always worthwhile to keep track of how container shipping companies' customers and shippers assess their most important market, as it's ultimately gain or loss here which determines whether vessels become clogged.

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