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News / Carriers keeping capacity tight keeps the reins on east-west rates

Ningbo container port (3)
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Proactive capacity management by ocean carriers is continuing to underpin freight rates on the major east-west tradelanes.

The European components of today’s Shanghai Containerized Freight Index (SCFI) were in positive territory, with spot rates for North Europe up by 2% to $880 per teu, while edging ...

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