Red-hot market prompts Maersk customers to sign perpetual contracts

The prospect of a period with record-high freight rates has prompted several of Maersk's large customers to sign evergreen contracts, albeit with an adjustment mechanism, states the shipping company.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The exorbitant rates to have goods shipped between continents is now prompting some of the world's largest companies to resort to alternative solutions.

In order to avoid overpaying for freight, significantly more of Maersk's customers enter contracts that last much longer than the usual time span of around a year.

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