Rates update, week 51: GRIs boost prices, with more to come in January
Container spot rates on the transpacific trades shot up this week, on the back of ...
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Given the continuing decline in freight rates on the major east-west container trades, shippers and forwarders could be forgiven for thinking that all shipping lines are hell-bent on gaining market share at the expense of freight rates. Not so, says Drewry Maritime Research’s container team, which has analysed the set of first quarter results, and concluded that some carriers are prepared to lose market share in a bid to maintain better rates.
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