BCOs warned not to expect long-term, low-rate Asia-Europe contracts

BCOs warned not to expect long-term, low-rate Asia-Europe contracts
The sudden changes in the market spurred by the failure of Hanjin Shipping may give container lines the upper hand in future contract negotiations.The long-term contracts at bargain basement prices negotiated by shippers on the Asia-Europe trades are going to be “a distant memory” when the bidding season begins in…
BCOs warned not to expect long-term, low-rate Asia-Europe contracts
Journal of Commerce