DP World Cochin
Credit: DP World Cochin

With the pressure on equipment capacity showing no sign of abating, freight forwarders are increasingly turning to “shipper-owned containers (SOCs)” to minimise the risk associated with port congestion and potential penalties, amid Covid-induced supply chain dysfunction.A study by Container xChange, a digital platform for equipment management, has found that the level of the top 50 forwarders accepting SOC requests had risen sequentially from 6% in 2019 to 18 % in 2021, a three-fold change.SOCs are the ...

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