Don Braid: Mainfreight Managing Director on the new shipping deal between Hapag-Lloyd and Maersk
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There’s less optimism from Mainfreight over the impacts of global shipping changes.
Two of the world's largest shipping companies Hapag-Lloyd and Maersk are joining forces, a move some commentators believe will reduce freight prices and provide arrival time reliability.
But Mainfreight Managing Director Don Braid told Mike Hosking he's not sure it will mean cheaper freight rates, adding it mostly operates on the East to West corridors anyway.
He says it's possible for cheaper freight to result from the Red Sea opening, meaning quicker shipping.
However, Braid says, the chances of this happening are low.
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