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Shippers expect more carriers to follow rate freeze by Hapag-Lloyd, CMA-CGM | Hellenic Shipping News Worldwide
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South Asia faces the heat as container crisis deepens on long-haul routes | Hellenic Shipping News Worldwide
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Asian containers market to face peak demand, port congestion in H2 2021 | Hellenic Shipping News Worldwide
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Congestion Hits Port of Singapore – gCaptain
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Shippers weigh contract negotiation strategies after year of failed deals, record-high spot rates
After a year of soaring container rates and plunging availability, shippers are now trying to find the right strategy to approach long-term contract negotiations. Some are opting to go for early deals while others wait to see if spot rates cool off, leaving them in a better position to negotiate.
Some carriers are even offering early-bird contracts, which may be signed at a higher price but will be inclusive of general rate increases (GRIs), peak season surcharges (PSSs) and space and equipment guaranteed, according to Peter Sundara, vice president of global freight management at LF Logistics.