EU Commission rejects action against overheated container market

Although many major players in the maritime sector point to a congested container market, rising freight rates and issues in handling megaships, the EU Commission refuses to intervene at this stage.

Container ship Ever Given, stuck in the Suez Canal in March. Many players in the shipping industry are not enthused to see more and more megaships dominate the global container routes, but the EU Commission has no plans to take action against the issue. | Photo: Mohamed Elshahed/AP/Ritzau Scanpix


"From the commission side we are looking at the situation, but I really don't think we should be jumping in to a policy decision unraveling everything that has been functioning rather well," said Magda Kopczynska, director of the maritime department Waterborne in the EU Commission, on Tuesday.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DB Schenker defends carriers in red-hot container market

One of the major global customers, German DB Schenker, defends the quality offered by container lines in the exceedingly feverish market, which other freight forwards have criticized in strong terms. Even the high rates are in order, says the COO of Air & Ocean in an interview with ShippingWatch.

Azane Fuel Solutions was created during the pandemic using Teams

Azane Fuel Solutions was established in the middle of the pandemic. Digital meetings and planning over the phone proved no obstacles for top execs at Amon Maritime and Econnect Energy during the start-up. Now they have to set up bunkering terminals for ammonia in two and a half years.

Further reading

Related articles

Trial banner

Latest news

See all jobs