One of the major challenges faced by the market is the high operational costs coupled with fluctuating fuel prices. Container liner shipping requires huge capital investments in purchasing and maintaining container ships as well as operating ports and terminals around the world. Operating a large container ship fleet comes with huge costs associated with hiring international crew, insurance, maintenance, and repair of ships. As fuel prices remain volatile depending on geopolitical risks and supply-demand forces in global oil markets, it becomes difficult for shipping companies to accurately predict their fuel costs and incorporate the same in freight rates.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients