Pacific Basin’s Fruergaard: brace for more disruption, not less
- Chief executive Fruergaard expects disruption to be permanent, with three big chokepoints compromised simultaneously and buyers abandoning lean supply chains for resilience
- Pacific Basin will not add new Red Sea voyages after renewed Houthi attacks and will take ‘wait-and-see’ approach to Strait of Hormuz
- Supply chain disruptions keep freight rates elevated despite softening trade volumes, with Pacific Basin posting $105m first-half profit
- Fruergaard says seafarer safety is ‘what keeps me awake, citing crew detained for years in South America and deaths in conflict zones
Shipping companies are operating in a world where clear rules may never return
