Shippers have accused all top ten ocean container carriers of engaging in profiteering

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

🚢 Shippers have accused all top ten ocean container carriers of engaging in profiteering.

According to complaints filed with the U.S. Federal Maritime Commission (FMC), all of the top ten ocean container carriers have been accused of price gouging and unfair practices by shippers over the past 18 months. Shippers claim that the carriers took advantage of the surge in spot rates during the COVID-19 pandemic to the detriment of their long-term customers.

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Jennifer Joslyn
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