Source: The Journal of Commerce
Summary
Contract season is ending, and overcapacity is affecting pricing negotiations between importers and exporters. Despite the impact of the Iran war and increasing fuel surcharges, pricing remains negotiable.
Our Reading
The trend returns with a new name.
Just like the 2019 market fluctuations, overcapacity is driving pricing decisions. The Iran war and fuel surcharges are merely the latest factors influencing the market. The Journal of Commerce reported similar trends in 2018. It seems that history is repeating itself in the shipping industry. The cycle of overcapacity and negotiable pricing continues.
Author: Evan Null
