News / There must be a 'win-win' element in container line service contracts

© Ulrich Mueller cosco box container lorry

22/11/2018

Container carriers and customers need to work together to develop annual contracts that ensure shippers are provided with adequate service levels and lines are protected from cost spikes.

Cosco vice president Howard Finkel told delegates at last week’s TOC Container Supply Chain event in Panama: “Service contracts ...

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Gary Ferrulli
November 22, 2018 at 4:34 pm
Exempting a large portion of the lift from any fuel surcharge, import or export, and charging $500-$700 from the Gulf back to Asia is not the formula for success. That shippers won’t pay for premium services, a little strange considering Matson and APL premium services, but accepting that. And then a close look at Coscos financial reports with several lines of subsidies from the government of China in addition to the $26.5 Billion invested between 2016 and 2020 with a promised repeat between 2021 and 2025 – that’s the formula for success.

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