Maersk sees 'best financial result in its history', but choppier waters are ahead
Maersk recorded its “best financial result in its history” last year, showing a net profit ...
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By Mike Wackett
Shipping analyst Drewry’s recent paper suggests that, due to a fixation on costs, carriers no longer care about schedule reliability, and that even long-time “champion performer” Maersk has fallen below its usual standard.
In response, the Danish line has reiterated its commitment to “deliver consistent reliability”.
Drewry’s quarterly review highlighted an industry on-time average of just 61% in the first three months, which, notwithstanding a prolonged period of adverse weather in some operational regions, was still well below the 70% plus average ...
Comment on this article
Ricky Forman
June 03, 2014 at 2:37 pmThe market needs to be aware that Carriers no longer have a valid excuse for freight rate declines impacting reliability and service schedules. Every Carrier should be hedging their spot rate volatility and realise they have a responsibility to the market to reduce impacts on their customers supply chains. Unfortunately Carriers approach to market developments in general are too slow and inefficient. As a result the shipper suffers.