'Pay to play' is back as shippers face a 'brutal shipping environment'
Forwarders are warning that the recent recovery in spot rates on the transpacific and Asia-Europe ...
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By Alex Lennane
Reports yesterday that some shipping lines were negotiating with the Houthis for safe passage in the Red Sea saw shares at Hapag-Lloyd and Maersk fall, according to Morningstar. However, investors were reassured when the lines denied any talks with the Houthis and it was revealed by ShippingWatch that they were not among “the largest container carriers” involved.
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