PIRAEUS-based containership owner Danaos Corp has said it believes the worst of the container shipping crisis may have passed, although it admitted its perception of a possible nascent recovery “remains to be tested” and might not be evident in new chartering activity for months.
Personally, I find this hard to believe.
I am sure there has been an uptick lately since we are over the Chinese New Year and orders have started for the peak season in the U.S.
However, I doubt carriers are really making any money. Maybe we have hit bottom in terms of drop in cargo, but I don't think that will translate into earnings for a number of years.