CMA CGM – Risk of disintermediation.
Dear All,
Bloomberg today reports that certain large retailers and manufacturing companies are considering buying their own containers and charter their own container ships. If we begin to see these plans being out in place, that could lead to a dangerous disintermediation of the container shipping sector, with structural consequences for the sector. We see it as more likely that large shippers will use this as a threat to accelerate the normalization of the container shipping supply chain, where freight rates have recently stabilized at high levels (see chart below).
Feel free to reach out if you would like to exchange ideas on the name.
Juliano
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E: jtorii@sarria.co.uk
T: +44 203 744 7055