Container

Opinion: Unreliable contracts create vicious cycle for shipping companies

Customers can easily get out of long-term agreements with container shipping companies. But it comes at a price, warns Jesper Præstensgaard in this column.
Jespter Præstensgaard has previously been Maersk’s chief executive of the Asia Pacific region and chief commercial officer of German shipping company Hapag-Lloyd. In the future, he will provide columns for ShippingWatch | Photo: Ntg
Jespter Præstensgaard has previously been Maersk’s chief executive of the Asia Pacific region and chief commercial officer of German shipping company Hapag-Lloyd. In the future, he will provide columns for ShippingWatch | Photo: Ntg
by JESPER PRÆSTENSGAARD, managing partner in HUMANOSTICS

Contracting in container shipping amounts to giving a free call option to the shippers.

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