There are quite distinct tiers within the top 10 container carriers, and it's not easy — without huge investment or further consolidation — to move between them, writes Jeremy Masters.
The incentive program will run through fiscal 2039-40 and is meant to neutralize China’s inherent competitive advantages as a container production hub, industry sources say.
That comes as the carrier posted strong third-quarter revenue gains on the trans-Pacific, Asia-Europe, and intra-Asia trades, buoyed by higher freight rates.
