News / War and 'lack of trust' keeping shippers wary of long-term contracts

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The appetite for long-term contracts, much desired by shipping lines, has waned with the onset of war – while long-term relationships with forwarders and carriers are also suffering from deep mistrust by shippers.

“The world is a lot more volatile today than it was a month ago,” explained Jeff Douville, director global logistics for Stanley Black & Decker.

“We want to secure capacity at the best fixed rates possible, and to make sure that marries with the global economic situation. We don’t ...