Kim Link Wills
Thursday, November 26, 2020
Career Tracks: World Shipping Council elects CEOs co-chairs
Hapag-Lloyd and ONE chief executives will lead the “unified voice of liner shipping.”
Hapag-Lloyd and ONE chief executives will lead the “unified voice of liner shipping.”
With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.
Even before Hawaii imposed COVID-19 travel restrictions earlier this year, Young Brothers lost money and last year sought a rate increase valued at $13 million from state regulators.
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
A handful of iconic American merchant ships have cloudy futures.