ShippingWatch

Shippers and freight forwarders: EU to discuss red-hot container market with US and China

The EU has informed European shippers and freight forwarders that the container lines' currently huge price increases are not enough to launch an investigation into competition conditions. But the EU would like to discuss the market situation with competition authorities in the US and China, says European Shippers' Council.

Photo: PR / MSC

The EU Commission's competition authority is so far keeping its hands dry and will not launch an investigation into whether competition in the overheated container market, with soaring freight rates and a pronounced shortage of containers, has been put of out of order.

Shippers and freight forwarders gathered in European Freight Forwarders Association, CLECAT, and European Shippers' Council, ESC, acknowledge this in a press release following a recent online meeting with the EU's Directorate General for Competition.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs