Amid falling spot freight rates, Drewry has significantly reduced the industry profitability forecast for 2023 but the ongoing consolidation at the current price-to-book (P/B level) hints that the financial community has already accounted for the near-term weakness.
Amid falling spot freight rates, Drewry has significantly reduced the industry profitability forecast for 2023 but the ongoing consolidation at the current price-to-book (P/B level) hints that the financial community has already accounted for the near-term weakness.