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.
BY TOMAS KRISTIANSEN
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.