Follow the price leader?

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One of the more interesting questions for liner shipping observers has been whether the series of general rate increases announced by carriers on the Asia-Europe trades constitute “signalling” – whereby carriers’ public announcement of rates is felt to lead to coordination among providers. This Drewry piece outlines the concerns of the European Shipper Council and actions open to the European Commission, although ultimately concludes that the terrible losses being incurred by so many carriers probably proves that lines are innocent ...