News in Brief Podcast | Week 18 | Transpac chaos and Q1 earnings
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
The imposition of emergency bunker surcharges looks set to pitch container shipping lines into direct conflict with their shipper and 3PL customers.
And one shipper group wants far greater transparency from box carriers.
Last week, MSC announced emergency bunker surcharges (EBSs) on its services, Maersk and CMA-CGM following suit, and sources have told The Loadstar the carriers appear intent on taking a hard line to collect the tariffs.
One forwarder said: “Despite discussions with the carriers in relation to commitments we have in place, we are being advised by ...
Maersk u-turn as port congestion increases across Northern Europe
Apple logistics chief Gal Dayan quits to join forwarding group
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Houthis tell Trump they will end attacks on Red Sea shipping
Transpac rates hold firm as capacity is diverted to Asia-Europe lanes
Airlines slash freighter capacity post-de minimis, but 'the worst is yet to come'
MSC revamps east-west network as alliance strategies on blanking vary
India-Pakistan 'tit-for-tat' cargo ban sparks sudden supply chain shocks
Comment on this article
Gary Ferrulli
May 30, 2018 at 2:45 pmCarriers made a huge mistake in underestimating the fuel costs impact on 2017/2018 contracts, thus the 1st quarter results. But when budgeting for the 2018/2019 contracts, they knew the impact and chose to continue to chase filling ships instead of managing capacity, compounding the error. Their bad.
On the other hand, shippers who claim to want cost transparency – does that mean you can accept cost based pricing? You won’t like that outcome.