Bjørn Vang expects long-term contracts to increase by up to 50 percent

For years, Bjørn Vang Jensen sat across the table from container lines to renegotiate contracts as a representative of Electrolux. He cannot rule out that the contracts set to be entered soon could increase by up to 50 percent as a result of the current rate boom.

Photo: Tomas Kristiansen

It is difficult to deny that container lines – with the exemption of a few months in spring – found themselves at the long end of the stick in 2020, in which a historic upturn in demand pushed rates up to previously unheard of levels.

In addition to being able to charge higher prices week-on-week in the second half of the year, container lines now also find themselves at the most advantageous starting point perhaps ever for landing new favorable contracts.

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