Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
© Denys Yelmanov
By Mike Wackett
Drewry has waded into the debate over the European Commission’s consultation on the block exemption afforded to container lines serving the EU, which is due to expire in April 2020.
The consultant said it could see “validity in both points of view” – those for an extension of the block exemption, and those against – but said shippers should “not fear alliances”, which, it contended, had actually “aided competition during a period of market concentration”.
Launched in September, the EC’s consultation and ...
Comment on this article
Asaf Ashar
November 19, 2018 at 4:44 pmDrewry’s analysis has two unstated and untested assumptions, that viable competitors “must” operate ULCVs, providing services with daily frequency. If correct, the market’s entry barrier is too high, indeed.