The Conference System
The Conference System
This chapter explores the shipping conference system in relation to the development of the British shipping industry. It outlines the purpose of conferences - namely, to control and reduce competition amongst rival companies; summarises their history; explores the limitations of monopoly power; examines the impact of conferences on freight rates; evaluates loyalty contracts; evaluates whether or not conferences provided rate stability; and, in detail, examines the effect of conferences on British shipping in relation to the rest of the world. It concludes by claiming that conferences are often an uneconomic use of resources, and the author casts doubt on their continued relevance in years to come.
Keywords: Shipping Conferences, Liner Shipping, Shipping Monopolies, British Liner Companies
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