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.

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