Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’ attempts to recover market share.
Container freight rates have declined significantly over the course of this year as market fundamentals have been hit by a double shock with demand declining and capacity soaring as record levels of ordering translated into deliveries.
As a result, Linerlytica said Maersk “swung” into a US$27 million EBIT...
https://container-news.com/analyst-says-maersk-rate-cutting-behind-q3-losses/