Numerous carriers have joined forces in alliances to reduce the cost of maintaining a global network, but an oversupply of ships has put freight rates under pressure. And in the absence of consolidation via mergers and acquisitions within the industry, these alliances were seen as the second best solution, according to Lloyd's List.
Chris Welsh, Secretary General for Global Shippers Forum, complained this week that the alliances result in poor service levels, a significant deterioration in scheduling and often poor communication between carriers and shippers regarding delivery delays or changes in port calls.
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