News / TPM24: Contracts: shippers and forwarders wary of usual 12-month deals

Photo: © Golubovy | Dreamstime.com

The annual transpacific contract tender bartering season is in full swing at the S&P Global TPM24 conference and networking event in Long Beach, California.

The meeting rooms and halls of the vast venue are populated with formal, informal and sounding-out conversations on rates and routings for Asian container imports for the traditional May to April 12-month period.

However, this could be the year when the timeline of those contracts is reset – perhaps for good.

Indeed, ahead of those meetings, several shippers told ...