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News / Yang Ming 'under pressure' from shippers demanding contract rate cuts

Yang Ming Photo 53779592 © Philippilosian Dreamstime.com
Photo: © Philippilosian Dreamstime.com
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Yang Ming chief operating officer Chang Chao-feng has admitted that, as spot rates fall, the carrier is under pressure from shippers demanding to renegotiate contract rates.

The line is believed to be the first to confirm receiving demands from shippers for lower contract fees and, yesterday, ...

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