Smaller TEU vessels in particular have to take advantage of the commodities that require a reactive export or import program where the larger TEU vessels can’t monopolize the trade routes.
The lack of port infrastructure, shallower waterways or cheaper inland transport costs provide the opportunity to become the versatile workhorse businesses want to offer to their clients for a customer-focused approach. This could also ease the pressure not only on the banks but also the oversupply of shipping capacity and have a positive effect on freight rates.
Andrew Scorer, Senior editor
Passionate about the maritime industry with a solid background in shipping, Andrew has worked within yacht, royal navy, ship broking and technology/insight businesses and has extensive experience in analysis of international markets and development of strategy to support maritime industry. Andrew is a guest lecturer at Henley and Hamburg Business Schools as well as a conference and forum speaker on the maritime sector.