Carriers

Red Sea crisis could strain relationship between carriers and customers

The pandemic sowed distrust among shippers and carriers. Now, many fear that the situation is about to repeat itself with the Red Sea crisis.
"Shipping companies increased rates dramatically when they could during the pandemic. Then rates fell again, and now it's going the other way again. I don't see this leading to anything beneficial," says Lars Jensen, shipping analyst and partner at Vespucci Maritime. | Photo: Khaled Abdullah/Reuters/Ritzau Scanpix
"Shipping companies increased rates dramatically when they could during the pandemic. Then rates fell again, and now it's going the other way again. I don't see this leading to anything beneficial," says Lars Jensen, shipping analyst and partner at Vespucci Maritime. | Photo: Khaled Abdullah/Reuters/Ritzau Scanpix
by SEBASTIAN SCHLÜTER JACOBSEN

If shipping companies’ customers have the feeling that the skyrocketing freight prices are reminiscent of the time during the pandemic, they are not entirely wrong. 

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