SeaIntel: Carriers are like frogs in boiling water
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.
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