Ocean Carriers Face Opportunity to Break ‘Boom-and-Bust’ Cycle

Home Community Industry News Ocean Carriers Face Opportunity to Break ‘Boom-and-Bust’ Cycle

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    Greensea Systems
    Keymaster

    By Mike Wackett (The Loadstar) –

    Ocean carriers are enjoying a bull run of profitability, thanks to demand spikes and inflated freight rates, and now there is a unique opportunity for them to break out of the boom-and-bust industry cycle.

    According to consultant AlixPartners’ 2021 Container Shipping Outlook, “the fundamentals that would support a breakaway from that cycle are in place”, adding: “Long the sick man of the transport ecosystem, the container shipping industry stands on the brink of a new era of sustainable profitability.

    Read more by visiting gCaptain.

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