Box Carriers Seek Better Visibility Through Enforceable Contracts

The pandemic has shown up the weakness of current container freight contracts that offer no compensation for rollovers or no shows. Carriers are now seeking more certainty over volumes, reports Lloyd’s List.

As the annual transpacific contracting season gets under way, container lines are looking for more stability and commitment from customers in an effort to get better insight into demand and avoid the instability in the market witnessed over the past several months.

“We...

https://mfame.guru/liner-shipping-leaders-look-to-mutual-commitments-in-contracts/