Shipping companies are reportedly presenting tough choices in contracts for 2022, following predictions that shipping freight prices will likely reach much higher levels next year.
Shipping companies are reportedly presenting tough choices in contracts for 2022, following predictions that shipping freight prices will likely reach much higher levels next year. Analysis platform Xeneta reported that the first contracts for 2022 are at record highs.
On the other hand, customers had to accept record high prices in 2021, shipping companies' capacity was constrained and program reliability fell to record lows. The increasing number of canceled flights, in addition to delays caused by port congestion and congestion at terminals, have dealt a heavy blow to service quality despite record prices.
"The question for customers is whether there is a real alternative to not accepting these record high prices. Or are they at the mercy of shipping companies enjoying their current position?" he asks.
On the other hand, it is seen that Xeneta expects the factors that played a role in the container transportation markets in 2021 to continue to a large extent in the next year. However, Xeneta notes that given these much higher prices, customers deserve much better service compared to last year.
Source: lojiport.com
