Charles de Trenck Expects Costs, Capacity to Wipe Out Container Rate Gains

Citigroup Smith Barney analyst Charles de Trenck, referred to by some as ringleader of the container bears, has unleashed another attempt to burst what he calls “a perfect bubble.” This time he keeps up the frontal assault on capacity increases, and in the latest Container Trades report, he is attacking on the cost flank. In addition, he insists that good economic indications from the U.S. economy are not bright enough to fend off the storm clouds of a capacity overhang. The dollar is simply too weak.

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