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Smedegaard: Long-term contracts have lost value

Nils Smedegaard confirms that Maersk Line is working to increase its volume on the spot market, thus releasing itself from some of the traditional long-term contracts on Asia-Europe.

Photo: Mik Eskestad

For some shippers a contract is just not worth the paper it is written on. And if you cannot count on a contract between a carrier and its customer, you might as well head for the spot market.

That is more or less how Nils Smedegaard explains that a unit in Maersk Line is currently working to secure a higher number of deals with customers in the spot market, instead of tying them on through the traditional long-term contracts.

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