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Europe to China box rates surge

Ocean freight spot prices from Rotterdam to Shanghai rose 24% in the past week to $786 per feu, 45% higher than the same period last year, as lines prioritise the repositioning of empty containers, Drewry reports. This is in anticipation of demand as Chinese manufacturing production continues its return to normal

While Europe to China rates continue to head north, declines were reported on transpacific headhauls as transatlantic spot rates remained unchanged this week on the Drewry-assessed World Container Index

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