Ocean carriers are squeezing their feeder service providers from both sides: firstly by refusing to entertain contract rate increases, and secondly by turning the heads of shipowners with offers of employment for their vessels.
While most line contracts with commercial feeder operators run until the year-end in Northern Europe, port congestion, higher bunker costs and a massive spike in daily charter hire has forced the shortsea carriers to ask for interim …
The post Cash-rich container lines look to squeeze out feeder operators appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "Cash-rich container lines look to squeeze out feeder operators"