World - Only certainty in ocean trade is uncertainty
Are fewer blanked sailings and rising rates signs of a recovery?
“Uncertainty” was a word repeated throughout a maritime trade forecast Tuesday.
Judah Levine, the research lead for Freightos, said the overall sentiment throughout the maritime industry is one of uncertainty as the coronavirus pandemic lingers.
“If consumer behavior is uncertain, then businesses are uncertain when to order and then carriers are uncertain about the level of capacity that needs to be in the market in order to manage the businesses,” Levine said during the MarineTraffic-hosted webinar, “Containers Don’t Lie: Global Trade Forecast.”