https://www.universalcargo.com/2-big-problems-ocean-freight-shipping-faces-in-2019/ Freight Forwarding Company Fri, 01 Feb 2019 15:53:56 +0000 hourly 1 https://wordpress.org/?v=5.9.9 https://www.universalcargo.com/2-big-problems-ocean-freight-shipping-faces-in-2019/#comment-178998 Fri, 01 Feb 2019 15:53:56 +0000 https://www.universalcargo.com/?p=9432#comment-178998 The consolidation in the industry began long ago, not 10 or 15 years ago. In 1972 there were 6 Japanese flag carriers; 9 US Flag
carriers in foreign commerce; 6 South American carriers; of those 21 major lines of their times, ONE remains. There
were at least 13 European flagged carriers – and MSC didn’t exist, CMA and CGM were two small regional carriers and
Maersk had no containerships. Cosco, Evergreen, Yang Ming, HMM didn’t exist. Yes the industry is changing, but it has
always been so because the rates of return are so low due primarily to so many carriers being State owned, sponsored or
supported with little or no profit motive – they are there to support the national interests of particular countries who
want their home markets protected and losing a couple of hundred Million a year on shipping is a small price to pay.

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