Another tough year for the shipping industry has passed. If you are one of the regular readers of our blog, you might recall my article from the first month of 2012, where I expressed my thoughts on what was going to happen in the year that was ahead of us – and unfortunately I was right. Except, one of the main points was not allowed to happen. No carriers went out of business. Well, the main reason for that are the external factors – where certain carriers got financial support either from a government or a government related private sector. I believe that at a certain point in business, you either need to cut that arm off or the infection will just spread to the entire body. Instead of cutting off the arm in 2012, we lived “with an infected body” where services got suspended, companies downsized and continued to let go off workers, while carriers tried to increase the rates with the reasoning of “sustaining the level of service”. Of course I wouldn’t like to see any company/carrier go out of business, but this way we all just struggle with it in the short term and the long run.
Now 2013 is officially upon us, so are you ready for the blue skies and shiny days? Don’t get your hopes up, buddy. [Read more...]