Next year’s freight rate expectations have sunk well below the waterline
Diving freight rates have inevitably led to plummeting carrier Q3 returns, and the outlook for the full year is bleak while next year's expectations have sunk well below the waterline.
Volatility in carrier earnings is a concern, with Alphaliner reporting that Q3 carrier returns had diminished to 1.5%, well below the 2019 average of 2.4%, and with pre-Covid margins averaging -0.2%
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