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News / Drop in box shipping contract rates points to 'a recession of seismic proportions'

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Long-term container shipping contracts have registered their first pricing decline since last October, prompting fears that the industry is heading towards “a recession of seismic proportions”.

According to figures published today by Xeneta, its crowd-sourced freight rate benchmarking platform XSI Public Indices saw a 0.5% decline ...

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    Annual contracts Asia-Europe coronavirus Customer-carrier relations Intra-Asia Transpacific Trade Xeneta