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News / Yang Ming looks to secure its fiscal position as rate correction hits

Cheng Cheng-Mount Credit Cecilia Chang
Cheng Cheng-Mount. Photo: Cecilia Chang
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Record newbuilding orders and the reduction in vessel queues on the US west coast is threatening a sharp correction in freight rates, according to Yang Ming chairman Cheng Cheng-mount

The Shanghai Containerized Freight Index closed at 4,177.30 on 29 April, down 18.68 points from the previous ...

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