Maersk has most of its customers on long-term contracts

Maersk is engaging more customers on long-term contracts in a market where a lack of capacity and huge demand are pushing rates to historically high levels. The comment comes after competitor CMA CGM has decided to freeze its rates.

Photo: Maersk Triple-E/

The pressure in the container market, marked by a lack of equipment and capacity on board vessels, has driven spot rates to new heights.

As a result, Maersk has engaged more customers on longer-term contracts than previously, the carrier notes in a comment.

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