Hapag 'took the bigger risk' when it signed up to Gemini, says Maersk
Hapag-Lloyd “took the bigger risk” in the partnership with Maersk in the Gemini Cooperation, according ...
Long-term container line contract rate agreements have reached new highs and, in some cases, are in excess of spot market deals currently touted by ocean carriers.
Hapag-Lloyd CFO Mark Frese said this month he expected a “strong reduction” in spot rates in the third quarter, with, in some instances, short-term rates falling back below contract rates.
“Although there are regional differences, the trend is the same; we are seeing a softening of spot rates globally,” he said.
Ocean and air freight benchmarking firm ...
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