Shippers welcome new ocean capacity, but it won't stop price increases
In the absence of carrier-led price hikes, container spot rates largely flattened on the transpacific ...
By Mike Weir
When is a cartel not a cartel?
That question must be on the minds of ocean shippers facing record freight rates these days, particularly on US-bound transpacific routes.
Those routes are, like most others, dominated by nine of the world’s biggest container lines organised into three ship-sharing alliances: 2M, THE Alliance, and Ocean Alliance.
Background
Various reports this month suggest the cartel question – humbly anticipated by Premium on 3 September as part of the AP Møller-Mærsk (APMM) re-org coverage – may now also ...
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