Sharp falls in charter and freight rates seem to spell the end of the party for container shipping.
War, inflation and economic uncertainty are likely to drag markets further down in the interim period.
But the fall from the extreme highs may be welcome, panelists told IntraFish sister publication TradeWinds at its Shipowners Forum in Hamburg, Germany in early September.
“Is it that bad?” asked Constantin Baack, chief executive of Oslo-listed MPC Container Ships.
“We came from a historically high market, so a bit of a cool-off doesn’t really harm.”