News / Majors sign Evergreen contracts at higher rates, but smaller clients more wary

Evergreen’s corporate clients have committed to year-long transpacific shipping contracts at higher rates, despite uncertainty caused by the US-China tariff war, said general manager Wu Kuang Hui on Friday.

But he added that small and mid-sized enterprises were more risk-averse and more hesitant toward contracts.

Mr Wu said: “We expect the signing of all contracts to be completed by this week. Waiting beyond April would mean entering new contracts in May with greater exposure to risk ...