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UN: Too little competition in container shipping

Large companies operating big ships make it difficult to maintain competition in the container industry. This impacts smaller nations, where fewer companies are competing for cargo than ten years ago.

Photo: IMO

Consolidations and mergers among container carriers leave many countries with too few service providers to ensure healthy competition, concludes UN think tank UNCTAD in a new report, according to Reuters.

In the report, UNCTAD points out that there are currently and on average 15.7 companies providing container shipping service in each country across the globe, a number that has decreased steadily since 2004 when 22.1 companies offered container shipping.

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