The market is volatile, but it has not yet bottomed out

Recently, He Beurotte released the performance report for the first three quarters of 2022, and Rolf Habben Jansen, CEO of the company, gave a positive interpretation of the downturn of Container's shipping industry.

"I don't think the market has bottomed out," Habben Jansen said in a conference call Thursday."When we look at freight volume and demand, we see a sharp decline in the last two weeks of August, and then things get better. The market has been fluctuating up and down since the Golden Week on November 1, and it is very unstable."

Container's trade statistics show that the freight volume of trans-Pacific routes decreased by 25% year-on-year in September,Global freight volumeIt decreased by 9% year-on-year."The global economy will definitely not contract by 10-20 percent," said Habben Jansen, who said "one of the important factors is inventory adjustment."

"For a long time, a large number of Container have been strandedGlobal supply chainMedium. As congestion eases, these boxes are now being sent to warehouses that could fill up sooner than intended. "

Habben Jansen said that high inventory led to a decline in sales in the short term."There is always a question: is this mainly due to inventory adjustment, or is it due to weak demand? I think it may be both."

"This year, Christmas goods are also ordered ahead of time. We saw strong shipments at the start of the peak season and then slowed down. That's why we are seeing limited orders now, as well as a weak economy and ease of congestion," he added.

"Looking ahead, the global economy is still expected to grow by a few percentage points next year. So people usually expect some kind of rebound."