Supply Chain Council of European Union | Scceu.org
Freight

Bjørn Vang expects long-term contracts to increase by up to 50 percent

It is difficult to deny that container lines – with the exemption of a few months in spring – found themselves at the long end of the stick in 2020, in which a historic upturn in demand pushed rates up to previously unheard of levels.

In addition to being able to charge higher prices week-on-week in the second half of the year, container lines now also find themselves at the most advantageous starting point perhaps ever for landing new favorable contracts.

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