ocean shipping contracts

The nation’s top container-trade regulator says he wants ensure more fairness in ocean carrier contracts after a spike in shipper complaints.

Xeneta CEO Patrik Berglund explains how carrier negotiating power has changed the annual contracting equation.

Long-term contract rates are at record highs. Shipping lines hold all the cards at the negotiating table.

Bipartisan bill in Congress makes reforms to U.S. shipping regulations for the first time since 1998.