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Record gap between short vs long contract freight rates on transpac

from Lloyd's Loading List

The gap between short-and long-term contract ocean freight rates on the transpacific trade lane has risen to a new record difference of US$2,400 per FEU, shipping association BIMCO has highlighted. And the record gap, according to figures from digital rates specialist Xeneta, is likely to mean higher long-term freight rates when contracts with cargo owners and shippers come up for negotiations and renewal in the coming weeks and months, observed BIMCO’s chief shipping analyst, Peter Sand. more

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