CMA CGM's $20bn US pledge: all fur coat and no knickers
Is Macron at the helm?
Peter Mautsch
Carriers are being accused of an abuse of power by “weaponising rollovers” to force shippers into paying higher spot rates to get their goods moved.
Sources told The Loadstar they were being warned “weeks in advance” of rollovers on North Europe services, claiming carriers are artificially creating rollovers to drive up rates.
“How have they got this space? How do they know they will have a rollover in five weeks? It is a tactic to create a roll pool,” one source said.
“We ...
Comment on this article
Gary Ferrulli
August 09, 2019 at 3:02 pmInteresting as when carriers created overcapacity and rates dropped, no complaints from shippers. Now they manage capacity to fit the market and an outcry. Rates are still lower than costs and at some point in time that changes, or we have another Hanjin or more consolidation.
Ingvar Bergman
August 10, 2019 at 9:07 amPlanned roll overs
Carriers should be reminded of following text in EU Antitrust rules
`capacity adjustments may not concern reductions or capacity freezes which have the specific aim of incrersing prices´ and I opine Carriers are very much in the grey zone when announcing blank sailings several weeks ahead.