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Maersk first to cancel GRI and cut transpacific rates as China wades in

from The Loadstar

Maersk has reportedly reduced its planned mid-September transpacific GRIs, thought to be due to China's move to step in to reduce freight rates on the trade. Last week, Zest Shipping Media reported that Chinese authorities planned to interfere in pricing and capacity management on the transpacific as rates soared to record highs. more

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