News / Carriers box clever on capacity and have 'the upper hand' as contract talks loom

ID 33214677 © Flynt | Dreamstime.com

Recent experience and ongoing chaos in the Red Sea have led to carriers’ customers asking, on the eve of new negotiations: “Do contracts amount to anything any more?”

NNR Global Logistics’ head of ocean development, Alexander Tennant, told The Loadstar geopolitical uncertainty and the current limited capacity had given carriers “the upper hand” as negotiations loom.

He added: “I expect rates sitting higher than last year, as most lines are advising their contractual space has already ...