The investment bank said non-Chinese carriers will largely avoid looming and escalating port fees, but Cosco and OOCL will be on the hook unless they adjust networks.
The fruit shipper cites the downsides of moving perishables by breakbulk methods, criticizing the “hours of exposure to extreme heat or cold and frequent handling.”
Full ships, a low number of blank sailings and improving schedule reliability have stabilized the westbound trade lane but will do little to raise rate levels, say executives and analysts.
