The Asia-Europe contract season is well under way, with ocean carriers cherry-picking large-volume shippers and locking them into multi-year deals.
It is a template being followed by transpacific carriers, where annual rate negotiations are said to be “well ahead” of the norm for 12-month contracts that expire at the end of April.
Moreover, on secondary tradelanes such as the transatlantic, some lines are reported to be refusing to open negotiations on contract …

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Source: The Loadstar