Shipping is in doldrums not only because of the coronavirus effect but also because of the carriers’ inability to deal with 2020 rising costs, reports LoadStar’s Mike Wackett.
Unable To Pass On CostNotwithstanding the significant impact to the bottom line of ocean carriers from the coronavirus outbreak, it is also becoming increasingly apparent that they have failed to pass on all of the extra cost of IMO 2020 cleaner fuel legislation to their customers.
Fault in Surcharges MechanismAccording to...