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Why container freight rates is increasing?
Aug 11 , 2021
Shipping costs have been rising steadily since Autumn 2020. The first few months of 2021 have seen price surges across numerous freight rates along primary trade routes, with prices for some trade lanes tripling as compared to last year. What caused container freight rate to rise so much? Figure : Shanghai containerized freight index, weekly spot rates, 18 December 2009–9 April 2021...
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