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Transpacific contract rates set for boost

Carriers have struggled to raise contract rates since 2016, with shippers holding the upper hand in negotiations. But with a strong peak season and rising fuel costs, shippers could be in for a shock in next year’s contract negotiations

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Shippers could see rates increase by up to 40% if carriers can re-establish the historic link between contract and spot pricing

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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