News / Shippers hold back on contracts amid uncertainty and ample capacity

© Vitaliy Maselko |

A hazy outlook on how the market is going to develop, combined with currently ample ocean capacity, is causing shippers as well as logistics providers to postpone capacity commitments for the time being, according to executives of Seko Logistics.

Seko CEO James Gagne described the current atmosphere in the market with the acronym VUCA – volatility, uncertainty, complexity and ambiguity – which has gained currency in recent months. There is little visibility into where the market is going, while it remains ...