Reported 8 months ago
During Yang Ming Maritime's investor conference on June 24, it was highlighted that with the traditional peak season for Europe and America in the third quarter, freight rates are expected to remain high through July. The main variable impacting the shipping market is the crisis in the Red Sea, which is unlikely to be resolved quickly, leading to the anticipation of sustained high freight rates until the end of the year. Yang Ming plans to expand its fleet and routes to capitalize on the high rates, amidst predictions of an increasing supply of container shipping capacity compared to demand in the coming years.
Source: YAHOO