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Given the number of choices facing beneficial cargo owners, their best bet is to lock into service contracts early and continue to measure performance on all routes and deployments.

By Patrick Burnson, Executive Editor · April 7, 2017

Ocean carriers are “bleeding cash” as they rush to stem the flow by aligning themselves in new alliances, says a prominent industry analyst. But will that mad dash be enough for some of the most desparate cases?

“It’s a bit too early to tell,” admits Chas Deller, CEO and Chairman, of 10XOCEANSOLUTIONS, inc.

Speaking at the recently concluded “Cargo Connections Conference” organized and sponsored by the Port of New Orleans, Deller outlined a rather bleak picture for those concerned about  “Ocean Carrier Solvency.”

Given the number of choices facing beneficial cargo owners (BCOs), says Deller, their best bet is to lock into service contracts early and continue to measure performance on all routes and deployments.

“The Ocean Alliance wins out with the most services in three of the seven trades,” he says. “Meanwhile, the 2M’s focus appears to be in the U.S. Gulf region with a totel of 12 inbound calls, spread fairly evenly between the six regional ports.”

Port infrastructure (and the lack thereof) was also examined by the “Ocean Carrier Solvency” panel, as BCOs search for the most efficient ocean cargo gateways as Peak Season approaches.

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