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
Photo: Nick Ut/AP/POLFOTO/arkiv
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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading