Shippers club worries local retailers

| 03/11/2014

(CNS Business): Cayman’s local shipping lines appear to have joined the Caribbean Shipowners Association (CSA), which local retailers fear will lead to future price hikes that will have to be passed on to customers. Some local merchants and wholesalers have raised concerns that with Hybur, Seaboard Marine and Tropical Shipping all joining the association and with no anti-trust laws in Cayman, they will be able to set rates that will hold importers to ransom, especially with peak seasonal hikes. Traders are now being told by the local shipping lines and their agents that they must now direct their shipping needs to a central person in Miami. Read more on CNS Business

Category: Business

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