Media: Shippers complain about new alliances
Major global alliances between container carriers are failing to deliver the anticipated benefits for companies as well as their customers, according to Global Shippers Forum.
BY RITZAU FINANS
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.
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