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News / Box lines forced to play a weak hand in transpacific contract talks

© Rasmus Ursem contract
© Rasmus Ursem
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The timing for ocean carriers to negotiate annual transpacific contracts is “the worst possible”, according to the latest assessment by Drewry.

The consultant blames weak demand after Chinese new year and an increase in capacity.

Container lines sitting down with BCOs need to obtain rate increases to at least cover the circa-40% ...

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