News / Don't chase that final dollar, warning to shippers delaying signing new contracts

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Shippers delaying signing long-term contracts in the belief that the market could soften in their favour, have been warned by Xeneta’s chief analyst, Peter Sand,  not to “chase the final dollar”.  

He said: “The worst enemy for shippers is their own greed.” 

Indeed, market analytics platform Xeneta called to mind Q4 23, when some shippers chose to delay signing annual contracts on the Far East to Mediterranean trade as the threat of geopolitical tension had begun to translate into rates.  

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