Subscribe to our free, weekly email newsletter!


Special Report: Top 30 Ocean Carriers turn up the volume

Now that pricing has been restored and capacity restrained, the leading vessel operators are staging a comeback. What lessons have they learned from the recent recession and dismal earning cycles? Here’s what the top analysts are saying.
By Patrick Burnson, Executive Editor
October 08, 2010

In the school of hard knocks, the tough will survive. Those who prevail, however, are the ones who hit back harder. That’s what shippers should be expecting from the Top 30 ocean carriers this year; and analysts are warning shippers that when it comes to contracting in 2011, the gloves are off.

Shippers saw evidence of this on October 1, when Mediterranean Shipping Co. (MSC) began increasing freight rates on its services between North America and Europe and the Mediterranean. The Geneva-based carrier, the second largest container shipping line, says that the general rate increases are necessary “to preserve the existing comprehensive range of services” and “to advance freight rates towards a sustainable level.”

This blow was delivered just after MSC imposed a peak season surcharge on all shipments from the Far East to the U.S. East and West Coasts. However, MSC was hardly alone in making this move. Maersk Line—the largest carrier of U.S. imports— had warned shippers in mid-summer that it was going to impose a similar surcharge to ensure space in the Asia-U.S. trade lanes.

Check below for related articles.

2010 Ocean Shipping Roundtable: Close quarters

Logistics Freight forwarding volumes return

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Last year at this time, retailers were relieved to learn that a tentative agreement on a new labor contract had been reached by dockside labor and management on the U.S. East and Gulf coasts. But not without considerable blood on the floor.

The National Retail Federation is encouraging maritime management and the union representing dockworkers along the U.S. West Coast ports to expedite pending contract negotiations and reach agreement on a new deal well in advance of the expiration of the current contract this summer.

SAP AG announced the availability of a new application to help centralize processing trade activities, SAP Global Trade Services, processing trade in China. 



Did you know that Supplier Portals can help companies reduce risk, improve compliance and enhance product availability? Download Amber Road's latest research report featuring research from Gartner.

Problem: In the margin-challenged consumer goods industry, your supply chain is under constant pressure to cut costs and maintain customer service and visibility. Solution: By breaking through silos and viewing the supply chain holistically, companies like yours are reducing supply chain costs by an average of 10% to 20%.

Article Topics

Features · Freight · Trade · Shipping · Ocean Shipping · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA