Ocean container shipping operators intend to impose new “emergency” surcharge

May 31, 2018

For many global logistics managers, the ocean cargo container shipping industry appears to move from one crisis to another without addressing fundamental supply and demand business practices. Further evidence of this surfaced in recent weeks when the world’s leading vessel operators announced the introduction of “emergency” bunker surcharges in response to rising fuel costs. As a throwback to bygone days of “cartel” action, this tactic was done in unison, placing higher costs on existing bunker surcharges.

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