ONE eyes network downsize as soft demand sends profits tumbling
The rate of diminishing ocean carrier profitability is accelerating as east-west tradelanes continue to suffer ...
Photo: Wallenius Wilhelmsen Lines
Shippers and forwarders have faced challenges moving project cargo over the past year.
For shipments that fit in containers, they have been competing with regular liner customers, while capacity on breakbulk vessels has been crimped as shippers and forwarders have been leaning on breakbulk operators to carry their containers.
“3PLs charter breakbulk vessels and put containers on them,” one forwarder reported.
At going rates for containers, breakbulk lines have been happy to oblige, which has not only reduced available space for project cargo ...
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