Global seafreight is being trapped in a scenario of only limited trade growth facing excessive capacity growth (particularly on the major Asia-Europe trade) and its volume gains are being beaten by those of airfreight.
As Lloyds Loading List reported, David Ross, MD of the Stifel Transportation & Logistics Research Group, told investors that this supply/demand imbalance was “pressuring carrier and forwarder profitability”.
Seafreight trapped in a supply/demand imbalance
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