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Shippers buying container slot space on the Far East-Mediterranean tradelane ought to be prepared to renegotiate contracts before they come up for renewal, as carriers continue to see high utilisation on the route.

Unlike its Asia-North Europe cousin, freight rate pricing on the trade has been uncharacteristically strong in recent months, as Europe’s southern economies have begun to emerge from recession, and a combination of growing volumes and tighter capacity has pushed rate levels upwards.

New analysis from Drewry Maritime Research this ...

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