SeaIntel: Maersk Line in showdown with breached contracts
The container industry as a whole, and not least Maersk Line, is suffering from customers breaching contracts and failing to deliver the agreed volumes, says Lars Jensen, CEO, SeaIntel.
BY OLE ANDERSEN
Maersk Line's plans to increase exposure to the short-term spot market on the major East-West trades, thus reducing the carrier's traditionally large coverage through long-term contracts of typically one year, looks like a showdown with the large group of shippers who continuously and during the contract periods demand renegotiations and reduced prices when the rates go down.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
