“THE PARTY IS OVER” AND THE PRESSURE IS ON

profits. One thing that is for certain is the opportunist newcomers that joined the market with high charter rates will disappear and we may even see some mergers and acquisitions.

February, after peaking in September 2021 above US$10,300.

The recent news of the dissolution of the 2M alliance of Maersk and MSC will surely increase the competitive pressure for global carriers as they begin to work out what this means for the industry as a whole. Both Maersk and Hapag-Lloyd have already indicated that this will lead to market share battles as they will