ShippingWatch

Drewry: Low rates could weaken competition

It is not the ultra large vessels that pose the biggest threat to competition, but rather long-term low rates, according to research firm Drewry.

Photo: UASC

The United Nation’s think tank UNCTAD recently warned that growing consolidation among container carriers, with fewer shipowners controlling a larger chunk of the combined capacity, could have consequences for smaller nations in particular. According to the think tank, this development is exacerbated by the new ultra large vessels which carriers have put into water in recent years.

But it is the long-term low rates and not the size of the vessels which pose the biggest threat to competition, says Drewry.

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

Further reading

Related articles

Latest news

See all jobs