A shipping conference is an agreement among shipping companies operating liner services for the purpose of regulating and restraining competition. The need for a conference arises from the fact that the liner shipping market is characterised by an excess of tonnage. In such a situation unrestrained competition among shipping lines could lead to rate wars, to the detriment of the lines as well as shippers.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.