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With global container spot freight rates in freefall and contract rates being discounted by ocean carriers just to hold onto business, Drewry Supply China Advisors said yesterday there was an increasing risk to shippers that entire service strings could be removed with little or no warning as container lines attempt to stem mounting losses.

Carriers on the Asia-Europe trade have so far used ad-hoc voyage cancellations in a bid to rebalance capacity and support general rate increases, but as this has ...

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