Comment / Contracts: carrier vs shipper – the last one standing?

ID 20575830 © Aleksey Kashin | Dreamstime.com

“Ocean contract rates stopped declining in January; but will high spot rates lift contract rates?” – Drewry’s Philip Damas, 5 February 2024.

That was a timely take that touched upon one of the most critical elements in the current market for ocean carriers and their shippers… sorry, partners… ahead of negotiations for new sea freight contracts.

Now

Rewind for a moment*.

(*We already flagged part of the excerpt that follows on 19 December, in our ’Red Sea alarm’ coverage… bear with me, repetita iuvant.)

Rolf ...