News / Desperate carriers slash ocean rates to fill empty slots

chinese new year © Tatyana Klimenko
© Tatyana Klimenko
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Ocean-going carriers are slashing rates in a desperate bid to attract cargo before the Chinese New Year holiday next month.

On Friday, the Shanghai Container Freight Index showed Shanghai-North Europe down 5% on the previous week, to $1,595 per teu, or $2,607 ...

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    Chinese New Year (CNY) CMA CGM Shanghai Containerized Freight Index (SCFI)