Shippers have negotiated lower contract prices in 2014

In spite of declining freight volumes and often fully-loaded container ships on the major East and Westbound trades, shippers have in the period from March to July managed to successfully negotiate lower contracts with the carriers, according to data from Drewry.

Photo: Maersk Line

The rates for container freight on contracts on the major East and Westbound main trades dropped six percent from March to July.

This development shows that customers have managed to negotiate lower prices from the carriers in a period with low freight rates, according to data Drewry has gathered confidentially from retailers and manufacturers in Asia, the US and Europe.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs