Shippers across the world are now demanding discounts from ocean carriers

SalesMoney Matters
Written By Jennifer Joslyn

🚢 Shippers across the world are now demanding discounts from ocean carriers.

Due to spot market rates declining after years of unprecedented growth during the COVID pandemic boom, carriers are asking if they can keep the profits rolling in. Without a pivot, some maritime experts at Drewy are claiming that the industry is doomed to return to a low-margin pre-pandemic trend if an opportunity is missed. From Q2 2020 through Q2 2022, ocean carriers raked in approximately $400 billion in profits.

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Jennifer Joslyn
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