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The recent spot rate weakness on the main east-west container should not be mistaken for a structurally weak market, liner analyst Lars Jensen told delegates on the final day of S&P Global’s TPM25 conference in Long Beach.
“I really don’t think the market is that weak – demand remains strong, and the number of boxes being moved globally is still very high.
“Last year, we moved 6% more containers than the year before and, if you take into account the Red Sea ...
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