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Drewry paints positive outlook for ocean freight rates

Spot and contract rates are on course to rise by a combined 7% in 2019, as the modest recovery continues, says Drewry. With carriers expected to keep a lid on supply additions, whether through demolitions, slippages or slow steaming, they should will be able to raise rates even amid slower demand growth

Drewry says, however, that rate sentiment could soon be dampened if the US-China trade war takes a turn for the worse

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