Rates update, week 51: GRIs boost prices, with more to come in January
Container spot rates on the transpacific trades shot up this week, on the back of ...
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By Alex Lennane
The shipping lines are turning. The members of the (frankly bizarre, in these days of strict and complex antitrust laws) Transpacific Stabilization Agreement have chosen a new set of guidelines rates – which are higher than previously. The new rates, suggesting an extra $800 to $1,200 per container, may help stem the losses. But what of the shippers?
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