Despite initially failing to meet capacity commitments, the carrier extended the contract for three months at the previous year’s rate, saving the shipper $180,000.
European regulators have never had enough information to effectively monitor the container shipping industry since the consortia block exemption rule was introduced in 2009, according to Olaf Merk.
The intra-Asian region is expected to be a hotbed of mergers and acquisitions in container shipping because that is where the growth in container demand is centered, writes analyst Lars Jensen.
