“Governments should intervene to “restore order” in global logistics chains,” President/CEO Takeshi Hashimoto of the Japanese shipping company Mitsui OSK Lines (MOL) said in an interview with the Financial Times. Although the MOL president indicates in the FT interview that it is essential to respect “the spirit of the free market economy”, according to him global shipping is at the same time a kind of infrastructure that economies must be able to rely on. If you leave it all to the market, companies and individuals will still put their own interests first, which will only further exacerbate ship delays, congestion at ports, and container price booms. Some direction from above could improve the situation, he thinks.
Source: Nieuwsblad Transport