Unforeseen Effects of Mega Ships and Alliances on Shipping
MTS Logistics
APRIL 14, 2021
For years, shipping companies have been consolidating with alliances or mergers so that they have some kind of control over capacity and pricing. At last, with the pandemic, they were quite successful. Last year alone, the estimated shipping industry profit was around $11 billion and this year seems to be in line, if not better. Traditionally, once the demand for a certain trade lane becomes weak, carriers used to react by decreasing pricing to attract more cargo but now they react by cutting sa
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