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© Yali Shi | Dreamstime.com - Container Loading Facility

As nervous shippers and freight service providers await details of Yang Ming’s new investors, an analyst has questioned the value of THE Alliance’s bankruptcy contingency plan.

Patrik Berglund, CEO and co-founder of ocean freight rate benchmarking and data analysts Xeneta, said today that in practice, moving the distressed boxes of a bankrupt carrier “could completely overwhelm already badly confused east-west shipping schedules”.

On 9 March, THE Alliance completed the roll-out of its network and announced a “unique contingency plan” to safeguard shippers against the ...

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