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DSV Panalpina says market normalization could easily drag out to 2023

The freight market is so tense that it takes very little for it to worsen. DSV Panalpina CFO Jens Lund estimates that a market normalization may not occur until 2023. "Should another Yantian situation occur, it's all up in the air again," he tells ShippingWatch.

Photo: DSV

It is first and foremost the soaring volumes in the overheated sea freight market that made DSV Panalpina upgrade its guidance for 2021 yet again, explains CFO Jens Lund in an interview with ShippingWatch after the company's half-year results were published Thursday morning.

The results are accompanied by upgraded expectations, based on the fact that a normalization of the container marked keeps being pushed further and further away into the future.

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