'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
Photo: Vincenzo Gentile
By Alex Lennane
The vertical integration and modal mash-up continues. The Loadstar reveals today that a forwarder has started a shipping line and now a shipping line is looking at buying an airline.
MSC has told the Italian government it wants to buy a stake in the new airline, ITA Airways, which began operations in October, replacing defunct Alitalia.
And it’s doing it in partnership with Lufthansa.
As previously reported, Lufthansa has expressed an interest in wrestling state-owned ITA away from the SkyTeam Alliance to add ...
Comment on this article
Theodor Strauss
January 25, 2022 at 4:01 pmPerhaps a good thing to look back at another shipping line which had airline ambitions and hopes, but is no longer with us. Nedlloyd had TRANSAVIA, Martin Air and at one stage NETHERLINES. And what did it bring them?
My conclusion is that a shipping line should stick to its essence: running ships.