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News / Yang Ming says shippers taking time to commit to contracts as rates fall

Yang Ming© Yali Shi_25986493
© Yali Shi
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Transpacific contract negotiations with shippers are taking longer as rates are expected to fall sharply, according to Yang Ming .

Most negotiations have not been completed, while contract rates are expected to fall by at least 50% from their level in 2021 and 2022, when freight ...

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