Hapag 'took the bigger risk' when it signed up to Gemini, says Maersk
Hapag-Lloyd “took the bigger risk” in the partnership with Maersk in the Gemini Cooperation, according ...
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Forwarders need to pull out of the ’race-to-the-bottom’ on ocean rates or risk losing customers, margins and livelihoods.
One source at a major international forwarding outfit this week told The Loadstar forwarders should not be happy with the rapid decline in rates, and those that kept pushing them lower were “cutting their own throats”.
“For the extra $50 you might get, you are likely to lose when the customer gives their booking to someone even lower,” ...
Comment on this article
John Kelly Edwards
November 17, 2023 at 12:12 amGive this person credit for telling it like it is, very well said.
Responding on LinkedIn, Rhenus’s head of ocean freight for the Americas, Stephanie Loomis, described Mr Clerc’s comments as “comical”, claiming it was an apparent tendency by Maersk to make under-market quotes through co-loaders’ rate sheets, “week after week”.
She added: “Maybe they [Maersk] should stop undercutting this already insanely low spot market.”