Rates reflect strong demand bounce and call for more ocean capacity
Despite generally weak cargo demand, spot rates on the Asia-Europe trades continued to show gains ...
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By Alex Lennane
Shipping lines are busily trying to keep transpacific spot market rates up, before the start of the next contracting season. From December 1, the Transpacific Stabilization Agreement is recommending increases of $400 per FEU to the US west coast. Think even higher for refrigerated cargo, which is in a “dire” revenue situation.
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