ShippingWatch

Mega profits fan criticism of container lines' favorable competition rules

Container carriers lament their poor service and explain their mega rates by referring to the demand prompted by the Covid-19 pandemic. However, the chairman of analyst firm MDS Transmodal says this explanation doesn't necessarily hold water.

Photo: PR / Dietmar Hapenpusch / Port of Hamburg Marketing Association

You could say that container lines currently find themselves in an unusually favorable situation, where they are both able to demand record-high rates of customers and book historically large profits, while at the same time they lament the fact that the market situation brought about by Covid-19 doesn't enable them to provide good service.

As such, they reap some amount of understanding from the companies that pay expensive rates for transport, if they are even able to secure space on a container vessel, which has been quite difficult for about a year now.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs