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Cosco promotes long-term contracts as pandemic pushes need for commitment

The state conglomerate has been actively approaching large domestic manufacturers of white goods, cars and machines to establish long-term collaboration and to solve their logistics problems, a shipping conference has heard

Carriers are securing more long-term volumes from shippers that are taking supply chain stability more seriously nowadays amid the lockdown disruptions. The bad practice of neither side honouring their contract has changed over the past year

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