Rates still slipping as peak season recedes and port strike threat subsides
Freight rates are continuing their downward correction following the premature peak season and front-loading of ...
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Fine analysis from Drewry, along with some fascinating anecdotes, on the troubles facing the Asia-Europe trade, and what solutions may be found. Rates continue to slide – carriers are aggressively quoting, while some shippers are switching from FOB terms to CIF in a bid to take advantage of cheaper rates being offered in China. Ultimately, the answer lies in cutting capacity.
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