Thursday the 15th of February has arrived and along with it both your issue of Project Cargo Weekly and the Chinese New Year of the Dog. Around the world the arrival of CNY is being celebrated with special food, fireworks and so on.
Although this year there are no fireworks in Hong Kong due to a bus accident with almost 20 fatalities.
Companies are getting bigger and bigger within the field of shipping, but perhaps with size also comes arrogance?
I have noted that yet again some of the worlds largest RORO carriers are about to be fined for running a price cartel and it leads me to think out loud "if you cannot compete without being part of a cartel then why are you in business in the first place?"
The shareholders or investors should make their voices more prominently heard during the annual general meetings! Cartel, arrogance, price fixing and avoiding competition damages all of us and here we do indeed need governments that are strong and not subject to being swayed by the threat of "moving jobs elsewhere".
One freight forwarder remarked to me recently that although it's impressive with new ideas in blockchain and other buzzwords and you can now do this and that online with your shipments, it still takes more than 4 weeks sometimes to get a simple invoice corrected. What about normal customer service? What about having a system where you actually can speak to someone who can correct the mistake? When contacting your bank can you actually meet someone in person?
We are told that profits this year at say 1.5 billion USD did not live up to the expectations of the market, so 3000 people need to be sacked....the new CEO proclaims in his first speech at the new company". Frankly not impressive - survival of the un-fittest applies not only to some politicians, but also to some business leaders.
Business wise this week we pay a visit to Israel and then Kenya where we speak to a couple of competent shipping agents & project freight forwarders. We have some interesting shipping and sector news for you and a good video of the week showing the NSR (Northern Sea Route) being used.
Finally I wish to remind you all to feel free to contact us if you wish to place a banner ad. Our latest number of recipients is 54,332 and since we only allow 4 banner ads in each newsletter you are bound to be noticed. Click here for media kit.
Wishing you a good read and until next time I remain...
Bo H. Drewsen