SHIPPING AGENTS UNDER PRESSURE
Fees under pressure
With their expertise & local knowledge, shipping agents' core function is to get a vessel safely, efficiently and cost effectively in and out of the port.
But, shipping agencies are under pressure to reduce fees, take on more and more tasks from principals and other stakeholders. Often without being able to raise their fee.
Low markets and downward pressure on fees, increasing competition
More systems and stakeholders leads to more data entry work, in multiple systems
Critical financial exposure if payments are insufficient, delayed, or mismanaged
Additional services used by agents to grow business, often only result in retaining fees