European shippers are finding it increasingly difficult to begin annual contract negotiations with container shipping lines.
November is the traditional start of the annual contract negotiating season on the Asia-Europe trade, with deals mostly signed by the end of the year.
However, after the astonishing gains on a spot market which grew another 9% this week, it appears the relationship between carriers and their customers could be fundamentally different in 2021.
Anecdotal reports …
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Source: The Loadstar