Ocean forwarders stand to win big, says Schenker

Cost transparency a key feature of forwarding service.
Ocean forwarders can offer more reliable cargo space to clients, claims Schenker AG chairman.
Ocean forwarders can offer more reliable cargo space to clients, claims Schenker AG chairman.

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The fragmented nature of the ocean freight market means that major logistics firms will play an increasingly important role in the future. That’s the opinion of the chairman of German logistics giant Schenker, who was speaking to delegates at the CI Global Liner Shipping 09 conference in London recently.

“The market share of ocean freight forwarders is growing faster than the market share of the shipowners,” said Dr. Thomas C. Lieb, chairman of the management board of Schenker.

“Over the past four years, the market share of the top four container shipping companies has grown by 4.3%. During that same period, the market share of the top four ocean freight providers grew by 18.8%,” added Lieb.

Lieb indicated that supply chain firms create significant added value for carriers and clients and can also offer more reliable cargo space thanks to more cooperation at the interface to carriers.

He also stated that only logistics providers can enable their customers to control the supply chain by determining both the inventories as well as the size and frequency of transports, allowing greater cost transparency.

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