TPM: Carriers' need for better yield puts more pressure on NVOs
Carriers have been managing NVO [non-vessel operator] compliance “much more strictly” in the post-Covid market, ...
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Shippers negotiating new contracts this year face a major rates dilemma as the maritime industry contemplates a return to using the Suez Canal.
When carriers revert to transiting the canal, the reduction in voyage tonne-miles will begin to expose the overcapacity in the market, pushing a significant downward trend in freight rates, especially on Asia-Europe trades.
Shipping analyst Drewry estimates rerouting round the Cape of Good Hope reduced effective capacity by around 9%, “which has helped carriers once again post some ...
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