News / Market turning in favour of shippers as ocean spots soften

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ID 212149143 | Felixstowe Shipping Containers © Sarah Scott | Dreamstime.com
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Container spot freight rates on the Asia-Europe and transpacific trades experienced another week of persistent declines, as pre-Chinese New Year demand continues to weaken.

However, the declines seen this week were flatter than the week before, indicating that carriers have begun to withdraw capacity as late ...

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