Pressure being put on shippers….17 Jan 2022 18:45
Container lines are reaping record profits at a time of extremely high rates and low service levels.
Drewry’s $150bn profit forecast for the major container lines “is more than has been achieved in the previous 20 years combined, and many BIFA members consider it to be a case of blatant profiteering,” said Keen.
BIFA’s call for investigation into the container trades and competition laws adds to others around the world from European Association for Forwarding, Transport, Logistics and Customs Services (CLECAT), International Federation of Freight Forwarders Associations (FIATA), the US Federal Maritime Commission, and the Australian Productivity Commission.