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Global commodities giant Cargill has said container shipping lines ought to reconsider their opposition to container freight derivatives in response to rapidly declining spot rates on the major east-west trades.

Speaking to The Loadstar on the sidelines of the TOC Container Supply Chain event in Rotterdam yesterday, Victor Helmand, EMEA container lead at Cargill, said: “I would encourage the container shipping lines to use the derivatives product because it would give them more predictable revenues.

“I understand that carriers have compared the ...

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