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China to tighten inspection on box shipping carriers’ pricing practices

The transport ministry said it will step up efforts to examine whether carriers have performed their rate reporting duties properly, while also pledging to prompt further increases of vessel supply and container availability

Chinese regulators are said to be preparing another ‘consultation’ with carriers, in a renewed attempt to cool off the sizzling freight rates amid mounting complaints from the country’s shippers. This comes as the lines have so far announced only a handful of blank sailings for the Chinese New Year holidays

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