Contract season in limbo as carriers eye conditions for a Red Sea return
The Asia-Europe shipping contract season appears stuck in limbo, with shippers having delayed proceedings as ...
Credit State Council Information Office, China
China’s Ministry of Transport (MOT) is encouraging Chinese exporters to sign long-term shipping contracts with liner operators as a hedge against the unprecedented spike in container freight rates.
Spokesperson Sun Wenjian (pictured) said the ministry viewed long-term container shipping contracts as a means of stabilising supply chains, which have been disrupted by Covid-19 outbreaks and typhoons in China and port congestion on the US west coast.
The MOT is folowing its Korean counterpart, which is already subsidising shipments tied to long-term transport ...
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