There’s an old adage: “Forecasting is the art of saying what will happen and then explaining why it didn’t.”
Remember those dire warnings that ocean carriers could suffer catastrophic losses and go bankrupt en masse, crippling the global container-transport system? Today, carriers are obtaining very high spot rates on the China-to-West Coast route — and could theoretically end the year with big profits.
Copenhagen-based Sea-Intelligence laid out two scenarios back on April 6. In one, carriers...
https://www.freightwaves.com/news/carrier-capacity-cuts-send-trans-pacific-rates-into-orbit