Yang Ming says shippers taking time to commit to contracts as rates fall
Transpacific contract negotiations with shippers are taking longer as rates are expected to fall sharply, ...
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Tomorrow will see container shipping lines look to impose the latest general rate increase on the Asia-North Europe trade, in another effort to swing their finances back towards profitability. Perhaps more importantly, the GRIs could have a significant effect on contract rates for 2014, as this analysis from Drewry illustrates.
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