#contract-negotiations
(5 articles)Ocean Freight Contracting Shifts: Annual vs. Short-Term Deals
The 2024 transpacific eastbound ocean freight contract season represents one of the most volatile and unpredictable negotiation cycles in recent memory, according to procurement leaders managing some
Forwarders and Carriers 'Behaving Badly' as GSA Raises Conduct Concerns
The Global Shippers Association (GSA), which represents approximately 25 major shippers controlling around $5 billion in annual logistics spending, has raised serious concerns about how freight forwar
Carriers Push Peak Surcharges as Shipping Capacity Tightens
Ocean freight carriers are leveraging a tight capacity environment to impose peak season surcharges on shipments covered by long-term contracts, a practice known as 'pay to play' that is resurfacing a
Iran Tensions Drive Ocean Shipping Surcharges, Complicate Contracts
Escalating geopolitical tensions in the Middle East are creating immediate cost pressures on ocean shipping markets as carriers impose war-risk surcharges. The closure of the Strait of Hormuz—one of t
Iran War Surcharges Complicate Ocean Shipping Contract Talks
Ocean carriers are implementing war-related surcharges due to escalating tensions in the Middle East, particularly involving Iran. These charges are now becoming a focal point in contract negotiations