Carriers in response to Biden: US demand is to blame for high rates and delays

Following Biden's executive order calling attention to prices and competition in the container industry, the industry responds that the US should look inward. As long as the massive demand from the US continues, the issues will persist, according to the World Shipping Council.

Container vessels in line off the US west coast earlier in the year | Photo: Mike Blake/Reuters/Ritzau Scanpix

The major challenges facing the container industry with unprecedented high freight rates, delays and bottlenecks are primarily driven by the extreme demand for imported goods from the US and the nation's consumers.

This is the candid response from the container carrier lobby group World Shipping Council (WSC) in the wake of US President Joe Biden signing an executive order last Friday which, among other elements, calls on the Federal Maritime Commission (FMC) to increase its focus on the competition situation and rates in the container industry.

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