After the failure of Asia-North Europe carriers to push rates up before the start of the Chinese new year, shippers expect prices to fall immediately afterwards by as much as $200 per teu.
One UK-based shipper told The Loadstar this week he had been obliged to pay a premium before the CNY to guarantee shipment, but fully expected to get that back, “and more”, by the end of the month.
Analysts agree rates will …
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