It seems that big ships may be setting off a price war. Only the last carriers standing will survive these. That’s those who can scrape out a minuscule profit over marginal cost. At these prices carriers are not getting up to average cost, in all likelihood.
This post comes via Richard Ward on linkedin, from Freight Investor Services, a firm dealing in derivatives– futures, forward pricing, swaps and options, and the like.
Container Freight – how low can they go? – Freight Investor Services
Supply Chain and Logistics 