Bunker price rises fuel old debate
Global Shippers' Forum assails the emergency fuel surcharges but it's also a fact that fuel costs can rise unexpectedly and shipping firms have no other recourse
REGULAR readers of this column will know that my view of container shipping is that, broadly speaking, unfettered competition doesn't work when it comes to the liner trades and that allowing the European Union to effectively outlaw shipping conferences was a big mistake.
This week's Drewry Container Insight report reinforces my views but a recent press release from the shippers' side shows how the old debate on how to price liner shipping still rumbles on.
Drewry starts its report by asserting: "Making money in the container shipping game is as much to do with luck as anything else. Whether a carrier ends the year in the red or black is often decided by external forces outside of management control, such as oil prices or the macro-economic inputs that drive demand for their services."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Air China to buy 100 locally made C919 jets in US$11 billion deal
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter