PUBLISHER: Freight News (www.freightnews.co.za)
Putting the current ocean freight capacity crunch into perspective, Mediterranean Shipping Company CEO Soren Toft told delegates at a Financial Times digital ‘Global Trade Secrets Summit’ that in the second half of 2020, the line had seen the same demand from clients as it would normally receive in a whole year.
He highlighted the surge in US consumer goods imports as a key contributing factor.
Which is why MSC has increased its ocean fleet capacity by 22% since 2019, added 11 new mainline trade services, and expanded its rail offering, in response to a crisis that has propelled logistics to the top of the boardroom agenda in many international companies.