Indian importers turning to bulkers as box line capacity falters
Indian importers, struggling to find space on containerships out of China amid deteriorating supply-demand mismatch ...
GXO: GERMAN WINBA: GUILTYDSV: WHAT SCHENKER'S FATE MEANS DSV: SCHENKER'S FATE ON THE RADARAMZN: ALL-TIME HIGH WMT: RECORDFWRD: ONE-MONTH LOW SPOTTED MAERSK: NOW BELOW PRE-SCHENKER NEWS OUT ON 'SPIKE-Y MONDAY' KNIN: LAGGING DSV MAERSK: UPGRADEDHL: NEW HIGH DSV: UP WMT: COMPETITION CLOSING INMAERSK: ROLLER COASTER
GXO: GERMAN WINBA: GUILTYDSV: WHAT SCHENKER'S FATE MEANS DSV: SCHENKER'S FATE ON THE RADARAMZN: ALL-TIME HIGH WMT: RECORDFWRD: ONE-MONTH LOW SPOTTED MAERSK: NOW BELOW PRE-SCHENKER NEWS OUT ON 'SPIKE-Y MONDAY' KNIN: LAGGING DSV MAERSK: UPGRADEDHL: NEW HIGH DSV: UP WMT: COMPETITION CLOSING INMAERSK: ROLLER COASTER
According to shippers interviewed by Splash24/7, in the days before the China Shipping-Cosco merger, the former carrier was renowned for high levels of customer service, and the latter not. Unfortunately, the merger, which saw CSCL’s container shipping business effectively taken over by Cosco (leaving it as a bulk carrier and ship finance operation), has meant that Cosco’s culture became dominant, and shippers are beginning to vote with their feet. “Cosco appears to have completely mishandled CSCL staff and equipment integration,” one veteran observer told the publication.
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