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.
BY TOMAS KRISTIANSEN
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.
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