Crunch time approaching fast for ports and terminals as shipping alliances look to cut costs

//Crunch time approaching fast for ports and terminals as shipping alliances look to cut costs

Crunch time approaching fast for ports and terminals as shipping alliances look to cut costs

By | 2016-12-07T17:06:23+00:00 December 7th, 2016|feed news|Comments Off on Crunch time approaching fast for ports and terminals as shipping alliances look to cut costs

The next big losers in the shipping industry crisis are likely to be ports and terminals, leading to a decline in safety and services.
Yesterday, at TOC Middle East, shippers, analysts and forwarders urged the sector to halt the price race-to-the-bottom across the supply chain, to protect the remaining players.
“The Hanjin episode served as a wake-up call – this is not a sustainable way of doing business,” Alessandro Menezes, associate director, transportation sourcing, at petrochemical shipper Vinmar, told …

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