HSBC’s global head of shipping & ports & ports research, Parash Jain, has forecast that container freight rates are expected to hit a trough in mid-2023 as spot rates fall at 7.5 per cent a week. Mr Jain was one of the first to flag a sharp decline ahead in container shipping’s fortunes at the start of September when he predicted shipping lines profits would plunge by 80 per cent in 2023-24. Far from being overly negative as some in the industry felt at the time Mr Jain has now accelerated the...
https://www.seanews.com.tr/hsbc-forecasts-container-shipping-to-hit-bottom-in-mid-2023/194697/