Container carriers have reclaimed power over customers

This summer represented the busiest peak season since 2010, according to Drewry. The balance of power has shifted, now favoring the carriers, which has caused problems for even the major customers.

The major container carriers have reclaimed the "power" from shippers in the market this past summer on key routes from Shanghai to New York and Rotterdam.

This has been done through tight management of the capacity available on the ships, and this comes as bad news for the many logistics customers who have found it difficult to secure space on the vessels, just as the carriers have asked a high price for extra containers not covered by original agreements, says analysts Drewry in a brief that describes the summer 2014 as the busiest peak season since 2010, leading to filled ships and bottlenecks:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs