ShippingWatch

SeaIntel: Carriers are like frogs in boiling water

The container carriers just won't last much longer. Rates are plummeting toward an all time low of less than 500. "The shipping companies are like frogs in boiling water," says Lars Jensen, SeaIntel, to ShippingWatch.

Partner and CEO of analyst agency SeaIntel, Lars Jensen, believes that the carriers will have to acknowledge in the next four to six weeks that the massive rate decrease that has happened on Asia-Europe within a short period of time will have to be actively stopped. At that time, the industry could be close to the historical low point, reached in 2011, where the rates were allowed to go slightly below 500, 490, to be exact, before the market took action and brought the rates back up.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Further reading

Related articles

Latest news

See all jobs