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News / Container lines offering more concessions adds to rates misery on intra-Asia trades

Yangon MITT_Philemon (3)
Hutchison's Myanmar International Terminal Thilawa on the outskirts of Yangon
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Intra-Asia freight rates have hit rock bottom, with overcapacity and carrier concessions forcing prices to under US$10 on some lanes.

“Rates in many corridors have been falling quite dramatically, sometimes plunging as much as 30% on some of the head-haul corridors from North Asia to South-east Asia,” ...

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