GCTL8.com (FocusAsia Media Ltd)
CHICAGO, Jan 10 (FAM) – The realignment of the four global vessel sharing alliances into three larger and more powerful alliances can be viewed as the shipping industry’s latest attempt to cut costs and increase leverage in a cutthroat environment. The impact of these changes on ports, marine terminal operators, and beneficial cargo owners must not be overlooked, JOC reports.
As carriers consolidate their vessel calls into fewer port pairs, there will be winners and losers. For BCOs, there will be fewer choices of routes, and there will be no guarantee that the shipments they book with certain carriers will travel on those vessels because of the numerous slot sharing arrangements that will be in place when the new alliances begin operating on April 1.