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.

Read the whole article

Get 14 days free access.
No credit card required.

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

Schedule reliability among container lines drops to historic low

August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.

Further reading

Related articles

Trial banner

Latest news

See all jobs