Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
With the Red Sea crisis continuing to artificially prop up container spot rates, carriers have ...
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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