An interesting interview with Maersk, which notes the downward pressure on rates and says that they will be “fragile” next year. The article adds that Drewry believes that the freight growth rate will drop to less than 10% in 2018 from around 15% in 2017. CMA CGM, meanwhile, recently signaled slightly lower rates for 2018 in early negotiations of Asia-Europe contracts.
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Source: The Loadstar