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Home Icon > About Us > News > Carriers Accused of ‘Profiteering from the Crisis’ Get Benefit of the Doubt for Now

Carriers Accused of ‘Profiteering from the Crisis’ Get Benefit of the Doubt for Now

By Mike Wackett (The Loadstar) – After better-than-expected first-quarter results, ocean carriers have upgraded their financial guidance, despite the impact of the pandemic. However, they are being accused in some industry circles of “profiteering from the crisis”. Container spot rates have soared on the major tradelanes as aggressive carrier capacity management strategies have kept space […]

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