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Transpacific contract renewals lift carrier optimism

Reports of annual contract rates up to 30% higher on the lucrative transpacific trade signal a big win for carriers still reeling from a dire 2018. They also come ahead of an uncertain end to the year

Rates from Asia to the US west coast were negotiated between $1,300 and $1,500 per feu, against $1,000 to $1,200 per loaded 40 ft unit last year, says Alphaliner

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