OCEAN carriers have ended long-term agreements on the Asia-Europe run for the duration of the war risk of Red Sea transit, reports New York's Journal of Commerce.
According to Hapag-Lloyd, long-term deals will not be available until the Red Sea situation settles.
The decision is driven by the lack of clarity regarding the duration of diversions, uncertainties surrounding equipment availability, and the potential impact of ships arriving outside scheduled windows on port utilisation.
"All this needs to be factored in to determine a long-term contract rate level, which is not possible at this very moment," said Hapag-Lloyd.
https://www.shippingazette.com/menu.asp?encode=eng
|
Back:
Next:
