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 ...
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.