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Ocean carriers forced to slash rates as peak season flops and Golden Week looms

from The Loadstar

Ocean carriers to Europe and the U.S. have been forced to slash rates ahead of the Chinese Golden Week holiday next week, after the failure of vessel blanking programmes. According to Alphaliner, carriers are already touting heavily discounted rates, of below $500 per teu for Europe and 40ft rates of less than $1,100 for the U.S. west coast. more

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