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News / Box lines undercut forwarders' ocean rates in fear of soft market

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Shipping lines have “moved first” to lower spot rates and undercut forwarders, fearing a deteriorating market.

However, supply chain bottlenecks could yet “save the day” for carriers by propping up long-term contract rates.

According to Sunny Ho, executive director of the Hong Kong Shippers’ Council, forwarders have ...

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    Carriers vs. forwarders Contract rates Hong Kong Shippers' Council spot rates