Carriers are set to enjoy a US$9 billion bonanza as a result of their successful capacity management programme throughout the pandemic period, which is set to continue into the third quarter.
Alan Murphy at Sea-Intelligence believes that the carriers have created a situation as a result of the Covid-19 crisis where they have a choice, start a rate war, the old style of competition, which could lead to a loss of US$7 billion or to maintain and raise rates and make a profit by continuing to manage...