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Container spot rates on the two biggest trades, Asia-Europe and the transpacific, fell again this week, exerting yet more pressure on the overstretched balance sheets of ailing ocean carriers.

The Shanghai Containerised Freight Index (SCFI) recorded a cumulative 3.6% spot rate decline on the previous week.

From Asia to North Europe, the SCFI suffered a 6.9% fall of $20 to $271 per teu – a level close to the all-time low recorded just four weeks ago – while to Mediterranean ports, there was ...

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