Though rates are skyrocketing, a price cap could make carriers favor larger customers and hold back from deploying needed capacity. So writes Lars Jensen, analyst and founder of Vespucci Maritime, in his column for ShippingWatch. "In this context it is not surprising at all that shippers are increasingly voicing frustration over the rising freight rate levels, and some even have called for the introduction of some sort of price control," he writes. #shipping #containershipping #freight #oceanfreight #logistics #business #finance #globaltrade
Great advice!
Principal at Jeffrey/Fenneman Law and Strategy
5dI remember energy price controls. What a disaster! Even ignoring the dubious legality of price caps on international trade, vessels are mobile. If you can do better moving your vessels to a different trade, you will.