Street Turn Penalties to Result in Decreased Capacity

In a critical capacity environment for all stakeholders, Ocean Carriers SM Lines, ZIM, Hyundai, and Maersk have announced a disturbing penalty on “street turns” ranging from $30-$75 a box. • Maersk $30 • ZIM $40 • Hyundai $50 • SM Lines $75 Simply put, everyone wins in the street turn scenario: • CAPACITY: Capacity is created for both importers/ exporters on a mass scale by eliminating an entire leg in the process. Trucking companies can handle ... [+]

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