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It’s funny really. So much talk about rates ? shippers want them low, carriers want them high ? everyone claims that they just want them to be sustainable. But actually, all of this fighting over rates equals a mere 2% of the total supply chain cost. A lot of fuss about nothing ? or very little, anyway. So says Jesper Praestensgaard, chief commercial officer for shipping line Hapag-Lloyd, speaking at the TOC Container Supply Chain event in Antwerp last week.

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