Long-term ocean freight contract rates remain stable
Proactive strategies from carriers helped box prices rise slightly in April, despite the demand decline, thereby reinstating a trend of gradual monthly increases that began in October 2019, Xeneta reports
Carriers have been working hard to make adjustments to protect rates, aggressively withdrawing capacity from the market and adopting more ‘creative’ strategies, says Xeneta chief executive Patrik Berglund
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