The Elusive State of Stability
The container shipping industry lives somewhere in the tri-state area of Chaos, Flux, and Transition. While everyone would rather live somewhere in Stability, there seems to be no consensus on where it is or how to get there. For the carriers, Stability means profitable rates. Last year the industry as a whole was profitable for the first time in years, but can they sustain it? Many have been unable to recapture higher bunker costs through surcharges, and there are prediction