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News / Heavy weather for carriers as rates for new contracts near parity with spot

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© Mr.siwabud Veerapaisarn
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Maersk said last week this year’s contract rates for its liner services were “trending towards spot rates” and, in fact, a momentum that appeared to be accelerating as agreements expired.

According to freight rate benchmarking firm Xeneta, there is a “fundamental shift” in the ocean freight ...

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