Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
Forwarders are “allowing the fox into the chicken run” by supporting carriers that also work ...
A Hong Kong-based unit of a UK forwarder has been chartering multi-purpose (MPP) ships to carry containers from China to the UK, The Loadstar has learnt.
The subsidiary is active as a non-vessel owning common carrier (NVOCC), specialising in arranging container shipments from China and Hong Kong to the UK and Europe. Annually, it arranges to ship at least 60,000 containers. However, the recent equipment and shipping capacity crunch has prompted it to charter whole vessels to move containers.
While the subsidiary ...
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