17 Aug (Thur), 7pm (SGT)
The Container Shipping industry has gone through what one could call some very extreme swings .. a peak higher than we’ve ever seen before and now a trough, the speed of which perhaps took many by surprise. Rate levels that were near 3 times of 2019 rates, and now, down to pre-pandemic levels and lower; the prospect of a building orderbook; along with, as some market commentators say, an impending recession and forecasted demand shortfall. All these could make for some rather tough times in the coming months.
On a positive note, liners have enter this environment with perhaps the strongest balance sheets we’ve seen in over a decade. Most saw record profits and a robust war chest. Quite a few have invested heavily in developing focused services and infrastructure that bring them closer to their customers than ever before.
How does this change things and will this help break the cycle of booms and busts that have become so regular for the industry.
What are some of the other products and services that liners offer.
What will help liners balance out their returns in the short term, while broadening their service profiles.