HutchWatch: Panama pain and PSA plans – where we stand
Predictions
In the face of increasing anger from shippers over emergency bunker surcharges, shipping consultant Drewry too has hit out at ocean carriers for the “failure to control costs” that left them exposed to a fuel price spike.
Drewry said the EBSs were a “desperate move” by carriers that would only partially reimburse them for the surge in bunker prices.
And it would also “alienate small and medium shippers”, it added, given that the major BCOs would most likely have fuel surcharge exemptions written into their contracts.
Drewry said it ...
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