A shipping company based in France said on November 25 that weakening demand for freight transport and gloomier economic prospects are damaging profitability in Q4 2022.
The world’s third-largest container line is making increasingly unfavourable predictions as world trade slows down.
During the last three months of 2022, freight rates are expected to fall to “more normal levels” and profit margins will decline, it said.
The downturn comes after an unprecedented boom in the shipping industry.