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News / Shock for container lines as contract rates start to fall again

© Vladimir Serebryanskiy maersk bunker oil
© Vladimir Serebryanskiy
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In a significant setback for carriers hoping to improve profitability, ocean freight benchmarking platform Xeneta reported that long-term container contract rates had fallen by an average of 4.2% in April.

Oslo-based Xeneta, which tracks crowd-sourced data from over 110 million contracted container rates, recorded a 4.8% ...

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