'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
“Amidst the pandemic and its impact on the industry, the 11 largest shipping lines saw unprecedented levels of operating profits in 2020-2H (…). In issue 518 of the Sunday Spotlight, we looked at whether the strong results for the large shipping lines continued in 2021-Q1. (…) To illustrate this improvement in profitability, figure 1 [read on] shows the ebit/teu for each of the seven carriers that report on both their ebit and their global volumes.” – Sea-Intelligence Consulting, 15 June 2021.
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