ShippingWatch

Long-term container contracts increase by upwards of 75 percent

The long-term container contracts currently being negotiated will be unusually expensive for the customers this year. Scan Global notes increases in the range of 50 to 75 percent, the logistics operator tells ShippingWatch. Others point to a doubling of price levels.

Mads Drejer, Global COO hos Scan Global Logistics | Photo: PR-foto Scan Global Logistics

Container lines are able to negotiate long-term contracts with their customers right now featuring rates that are upwards of 75 percent higher compared to the latest contract agreements between the parties.

At any rate, Scan Global Logistics says that the increase in long-term rates, which usually cover a year, could easily reach 50 to 75 percent and thus clock in far higher than what has so far been mentioned in the industry.

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