default_image
© Khunaspix Dreamstime.

The importance of this year’s $1,500 per reefer container general rate increase to the finances of the world’s largest container line was underlined last week when Maersk announced its annual results.

However, perishable shippers warned that in many cases the line would be unable to achieve its target.

Reporting a full-year net profit of $461m on revenues, of $27.1bn for Maersk’s container shipping division, chief executive Nils Smedegaard Andersen told financial analysts that the increase in reefer rates was a second prong ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.
  • Martin Florian

    March 04, 2013 at 9:53 am

    By increasing Reefer rates dramatically Maersk is trying to flex its monopolistic muscles. The problem is not with the rate increase itself, it’s that they have applied the rate increase on current contracts with minimum MQC. Small shippers who sign contracts with Maersk now have to take a hit on their margins to accommodate the GRI.The shipping industry, after all the mergers, seems like a monopolistic mafia.

Topics

Cool Cargoes