Navigate New Ocean Freight Industry Alliances Like a Pro
Rapid changes in the ocean freight industry have generated anxiety throughout the global supply chain, with shippers, ports and marine terminal operators facing uncertainty as new carrier alliances emerge in an industry-wide effort to cut excess vessel capacity and trim operating costs. Three new alliances, which include 11 of the world’s largest container shipping lines, became operational in April 2017. These alliances represent nearly 80 percent of global container trade a