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Freight forwarder association Clecat is asking the EC competition directorate to urgently investigate what it claims are “distortions” in the liner shipping market. Clecat wrote to commissioner Margrethe Vestager calling for the regulator to establish “the degree of concentration, consolidation, coordination, and cartelisation in the upstream container liner shipping services markets serving...


Ocean carriers fear that fiscal policies designed to stem inflationary pressures in Europe will weaken consumer appetite for non-essential goods, and are preparing to react quickly to adjust capacity. Container spot rates from Asia to North Europe were flat this week, due to the Chinese New Year holiday, with Drewry’s WCI holding...


Evergreen and Yang Ming are not following the contractual stance of rival operators, including Maersk and Cosco which are locking-in customers to multi-year contracts The two Taiwanese carriers believe they should not bind their customers. Yang Ming president Patrick Tu said: “We have to consider customers’ wishes. They may think freight rates may not...


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