A 'dead cat bounce', as freight goes from rules-based to deals-based trade?
It’s not artificial intelligence we should be worrying about right now: it’s an artificial freight ...
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By Mike Wackett
Ahead of the fifth attempt this year by ocean carriers to implement a general rate increase (GRI) between Asia and North Europe, one analyst has called for the return of “sanity and consistency” in liner shipping, and advocated the return of the outlawed conference system.
The ...
Comment on this article
Chas Deller
March 24, 2015 at 8:29 pmHi guys , fascinating subject but what a horrendous thought, …not in my lifetime would FEFC return to ‘life’. Having lived thru the pre and post OSRA [Ocean Shipping Reform Act] for USA,and encountered the attitude of ‘conference vs independent carriers’ since the mid 70’s in Europe and Africa, I for one would not favor the resumption of conferences – especially now and for a multitude of reasons.
Mike Wackett
March 25, 2015 at 2:50 pmYes, indeed Chas.
I can well remember attending an FEFC meeting to be told that we (the carrier) must write a letter to shippers who dared to ship their cargo with a non-conference line that they would be stripped of their 9.5% immediate rebate.
Furthermore to warn them of the ‘serious’ consequences should they stray again!
That was the dark side of the conference system.
On the other hand services were maintained and ships were faster and on time!