default_image
© Khunaspix Dreamstime.

The importance of this year’s $1,500 per reefer container general rate increase to the finances of the world’s largest container line was underlined last week when Maersk announced its annual results.

However, perishable shippers warned that in many cases the line would be unable to achieve ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article


You must be logged in to post a comment.
  • Martin Florian

    March 04, 2013 at 9:53 am

    By increasing Reefer rates dramatically Maersk is trying to flex its monopolistic muscles. The problem is not with the rate increase itself, it’s that they have applied the rate increase on current contracts with minimum MQC. Small shippers who sign contracts with Maersk now have to take a hit on their margins to accommodate the GRI.The shipping industry, after all the mergers, seems like a monopolistic mafia.

Topics

Cool Cargoes