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Capacity between Asia and North Europe is still way ahead of demand, even after blanked sailings, noted the latest Alphaliner report, while sea freight rates on the trade have sunk to a new low.

Capacity is on the lane is averaging out at around 250,000 teu per week, compared with an estimated demand of only 200,000 to 225,000 teu, making the proposed 1 May general rate increases by carriers of up to $1,300 per teu already appear to be a lost ...

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