Round Table - How does freight look now on the oceans vs where it’s going?

Before we get to Greg’s latest article, how do things look out on the open seas?

Henry, what do you make of this little uptick in Greg’s article - is it just a blip or could it be signs of things starting to get better?

Greg: We talked Monday about the economics of this freight recession and Anthony said “the bad decisions have already been made.” It seems like the ocean carriers could still make some mistakes - what’s your sense about how people are making decisions?

Henry: Same question

Greg how much of your analysis of what’s happening out there looks consistent with what Henry wrote about last week?

Henry, last time you were on, we talked about what carriers needed to do to be ready for this - what do ocean carriers need to be able to do in order to try and get through this without losing too much?