News / Taiwan carriers eschew multi-year contracts in favour of 'customer choice'

© Enrico Powell | Dreamstime.com

Evergreen and Yang Ming are not following the contractual stance of rival operators, including Maersk and Cosco which are locking-in customers to multi-year contracts

The two Taiwanese carriers believe they should not bind their customers.

Yang Ming president Patrick Tu said: “We have to consider customers’ wishes. They may think freight rates may not remain at the same high levels over the next two to three years. However, if customers are sure rates will remain high in the medium term, we’re open to ...