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News / Soft demand pushes ocean spot rates to 'their lowest sustainable level'

ONE Machinac Nansha Port China Source ONE
Photo: ONE
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Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will feed declining rates, according to the latest report by Maritime Strategies International (MSI).

And ONE CEO Jeremy Nixon said today: “Demand in the last quarter [Q1 23] ...

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