Container CEOs jointly attack US ports for having insufficient infrastructure

If US ports were better equipped and worked like ports in Asia, the severe bottlenecks on the US West Coast might have eased off long ago. CEOs of two container majors strike back with a surprisingly clear quest to invest more and work longer hours.

Photo: Mike Blake/REUTERS / X00030

Container ships filled to the brim are queuing up off US ports, but the ongoing coronavirus pandemic and red-hot container market may not be the only - or even real - factor to blame, if you ask some of the most prominent senior executives of the container industry.

At the moment, the US ports are simply not able to keep up with their Asian counterparts, who currently load ships much faster than the Americans are able to unload them, says Hapag-Lloyd's CEO, Rolf Habben Jansen, during a panel discussion at the conference International Shipping Forum, held virtually by Capital Link this week.

Read the whole article

Get 14 days free access.
No credit card required.

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

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs