Beware ‘nasty side effects’ if government targets ocean carriers

As skyrocketing rates squeeze importers and exporters scramble for containers, the push for government intervention is accelerating.

What if the U.S. government does move to rein in foreign carriers? What if carrier alliances are broken up, detention and demurrage charges are curtailed, export service is mandatory and — most hypothetically — spot rates are capped?

To answer these questions, American Shipper spoke with Vespucci Maritime CEO Lars Jensen, a consultant and former Maersk executive who is considered one of the leading authorities on container shipping. The following is an edited version of the interview:

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