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.

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

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs