New shipping contracts will lock in much higher rates

“We’ve never seen this before. We’re going into a tender season that doesn’t look like anything else historically,” said Patrik Berglund, CEO of Xeneta, a company that tracks both long- and short-term ocean shipping rates. Berglund was referring to the exceptionally lopsided advantage shipping lines wield in 2022 negotiations for long-term contracts with cargo shippers […]