Wan Hai chairman Chen Bo-ting believes the freight market will turn around in mid-2023, as concerns over Russia’s invasion of Ukraine and Covid-19 should ease by then.
Since the middle of the year, freight rates have fallen from historical highs and are expected to reach the low levels seen before Covid-19 hit in 2020.
Chen said, “Overall, things aren’t as bad as what many people imagine. Today’s situation isn’t as bad as the 2008 global financial crisis. Now that it’s year-end, employees are...
https://container-news.com/wan-hai-boss-optimistic-that-freight-situation-will-rebound/