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.
Photo: Maersk Line
Photo: Maersk Line
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.

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