INTERVIEW: Freight charge regulations will not solve physical carrier shortage, shipping consultancy says

By IM Staff
Published: Tuesday, 08 December 2020

There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars Jensen, chief executive officer of SeaIntelligence Consulting, said in an interview with Fastmarkets.

By Cristina Belda

"We are now seeing the consequences of carrier cancellations several months ago that led to a shortage of empty containers in Asia... demand has turned around and the rebalance is a process that takes time; we cannot magically send the containers back to China," Jensen told Fastmarkets...

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