The alarm bells are ringing. Maersk Line CEO Soren Skou told Lloyd’s List late last month that the industry “is at the risk of a full-fledged rate war unless the industry comes to its senses.” “Where is the bottom for container rates?” Jeffries’ Johnson Leung asked in his most recent weekly update. So what do the carriers need to do now?
Peter Tirschwell
Senior VP of Strategy Peter Tirschwell is a prominent thought-leader in maritime transportation with more than 20 years as journalist and business leader at The Journal of Commerce.
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PeterTirschwell said: #Intermodal rail facility proposed for Duluth, already a major bulk export gateway via the Great Lakes @DuluthChamber http://t.co/3ZtxanFkfU
PeterTirschwell said: @mikeyhorse @AlixPartnersLLP Not until 2015 for sure but possibly longer if carriers keep ordering new, fuel efficient ships to cut costs
PeterTirschwell said: Good background on contentious passage of Brazil's port reform last week and hints of challenges to come @wef http://t.co/EJIQiTr4aF
PeterTirschwell said: Despite falling Asia-Europe and trans-Pac rates, AP Moller CEO says "generally speaking we feel quite confident" http://t.co/5uRXejQ029
PeterTirschwell said: Upcoming NJ vote is litmus test on whether there's traction in Teamsters' quest to classify drivers as employees http://t.co/rp7KfVDPDQ
PeterTirschwell said: Litmus test on traction in Teamsters' ongoing efforts to classify drayage drivers as employees in upcoming NJ vote http://t.co/rp7KfVDPDQ
PeterTirschwell said: Nice try Bob McIntyre, whoever you are, in thinking you could pass off your amateurish, anti-automation rant as legit http://t.co/6G2dbDquq8
PeterTirschwell said: Raising the Bayonne Bridge and completing the 50-foot channel secures the future of the @PANYNJ seaport for the next 50+ years (my view)
PeterTirschwell said: India legislature asks: Does expansion of major ports serve any purpose when traffic has fallen in recent years? http://t.co/YXOsEFynrv
PeterTirschwell said: North-South trades seeing "overcapacity and downward pressure on revenue" due to cascading of ships, Hamburg Sud says http://t.co/Sb5Gb4rzcX
More from Peter Tirschwell
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Twitter may be an unparalleled tool to toss out a short thought, idea or a headline, but to say it tells half the story does it too much justice; it tells a much smaller fraction of the story. Below...
As the TPM Conference convenes in Long Beach this week, the trans-Pacific market’s ability to throw curveballs year after year continues to impress. In past years, these took the form of port...
A few weeks ago an intermodal executive asked me a question to the effect of, “Where should we be headed?” As I talked out my answer and the rationale, it occurred to me that on the surface I sounded...
In 2007, the last year before the financial crisis, the container industry was at the end of a spectacular multiyear grow
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