TPM: Carriers' need for better yield puts more pressure on NVOs
Carriers have been managing NVO [non-vessel operator] compliance “much more strictly” in the post-Covid market, ...
Forwarders continue to struggle with the capacity crunch on the eastbound Europe-Asia tradelane, following April’s alliance reshuffle.
However, according to Jan Philipp Harnisch, Rhenus Logistics’ chief operating officer of ocean freight for Asia Pacific, the new generation of “super-carriers”, emerging from unprecedented industry consolidation, should usher in a less-volatile era in liner shipping.
“There have been years of overcapacity, but since the restructuring of the alliances we have been facing a shortage of cargo space,” he told The Loadstar.
“There were enormous rate increases on the eastbound trades ...
European port congestion now at five-to-six days, and getting worse
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