News / Shippers now have the edge when it comes to contract renewal, says Drewry

Photo 162330874 © Mariusz Bugno - Dreamstime.com

Shippers will be back on the front foot when the 2023 contract negotiations begin, but a leading maritime consultant is advising BCOs not to “seek revenge” by excluding carriers that have ’treated them badly’.

In its latest executive briefing, Drewry reminds shippers preparing to tender for the coming year that there are now just nine global ocean carriers remaining, and that most medium and larger-sized BCOs will need to work with at least five to support their supply chain.

“We all know ...