U.S. policymakers have never been more focused on global container shipping than they are today. Yet the “steel” of this industry — the ships and the containers — is outside of U.S. control, consolidated into the hands of an extremely small circle of non-U.S. companies that continue to bolster their market shares. The big keep getting bigger.
Olivier Ghesquiere, CEO of container-equipment lessor Textainer (NYSE: TGH), summed up the situation during his company’s quarterly conference call.
“The...
https://www.freightwaves.com/news/shippings-extreme-consolidation-could-prolong-supply-chain-pain