Despite continuous fall in freight rates, stock prices of major liners are consolidating at historically low valuations

Despite continuous fall in freight rates, stock prices of major liners are consolidating at historically low valuations

“Messaging to both sets (customers & shareholders) on how they will succeed needs to be crystal clear”

58% blank sailings will be occurring in Transpacific Eastbound & 31% on Asia-North Europe and Med

"Spot rates have continued to fall on a weekly basis, rapidly closing in on five-year 2015-19 averages."

Drewry’s Global Container Terminal Earnings Index peaked in Q122 followed by a 13% drop in Q222

On Transpacific, utilisation dropped below 90% for much of 2022, becoming a catalyst for declining freight rates.