You are here

Cost cuts seen for container shipping

As demand still lags supply, large carriers also expected to form alliances
Thursday, January 2, 2014 - 06:00

WITH demand still expected to lag behind supply in the container shipping industry this year, cost reduction is tipped to be the main driver of profitability for liners. To achieve cost efficiency, large carriers will likely form alliances to achieve economies of scale, industry players say.