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DHT Maritime (DHT) Q4 2021 Earnings Call Transcript

DHT earnings call for the period ending December 31, 2021. ....

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Why Stratospheric Container Rates Could Rocket Even Higher

by Tyler Durden
By Greg Miller of Freight Waves,
Spot ocean container rates are up triple digits year on year, ergo they must be near their peak. They’re so high they don’t have much more room to run. So goes a common belief in the container market, despite the fact that this premise has already been proven wrong, and that container rates could theoretically have a lot more room to run if the upper limit is defined the same way it is in non-containerized shipping.
One leading freight-forwarder executive told American Shipper in August 2020 after the initial spike, “I do not think there is room for growth beyond $4,000 [per forty-foot equivalent unit or FEU].” Nine months later, many all-in trans-Pacific rates including premium charges are more than double that and rising sustainably. Importers commonly pay $8,000-$10,000 per FEU or more, including extra charges, sometimes a lot more. ....

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Why stratospheric container rates could rocket even higher

Container spot rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further. ....

United States , Ben Nolan , Daniel Maffei , Jefferie Randy Giveans , Trygve Munthe , Los Angeles , Andrew Lee , Randy Giveans , Stifel Ben Nolan , Peter Freidmann , Maritime Commission , Agriculture Transportation Coalition , American Shipper , Federal Maritime Commission , Chairman Daniel Maffei , Marine Money , High Can You , Shipping Act , Shipping Acts , ஒன்றுபட்டது மாநிலங்களில் , பென் நோலன் , டேனியல் மாப்பே , லாஸ் ஏஞ்சல்ஸ் , ஆண்ட்ரூ லீ , ஸ்டிபேல் பென் நோலன் , கடல் தரகு ,

Why stratospheric container rates could rocket even higher

Why stratospheric container rates could rocket even higher
freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.

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DHT Maritime (DHT) Q4 2020 Earnings Call Transcript

Operator
Ladies and gentlemen, thank you for standing by, and welcome to the DHT Holdings fourth-quarter results presentation with Laila Halvorsen, CFO; Trygve Munthe, Svein Harfjeld, co-CEO. [Operator instructions] I would like to advise you that this conference is being recorded today on Tuesday, the 9th of February 2021. I would now like to hand the conference over to your first speaker today, Laila Halvorsen. Please go ahead.
Laila Halvorsen
Chief Executive Officer
Thank you. Good morning and good afternoon, everyone. Welcome, and thank you for joining DHT Holdings fourth-quarter 2020 earnings call. I m joined by DHT s co-CEOs, Svein Moxnes Harfjeld and Trygve Munthe; and Wilhelm Flinder, head of investor relations. ....

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