With little relief forthcoming, cargo owners need to build delays into their shipping plans as port and ship capacity remain tight, speakers at the Agriculture Transportation Coalition’s annual meeting said.
But sources do not think carriers will have an opportunity to net full recovery of the proposed amounts in the current market environment unless strategic capacity cuts occur.
Consultancy MDS Transmodal said the two companies will have just under half of the almost 176,700 TEU in feeder ship capacity deployed in Europe and the Mediterranean.