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China’s owners and port groups urge efforts to temper sky-high box rates

China Shipowners’ Association and China Ports and Harbours Association call on carriers and ports to make more efforts to reduce shipping costs. These include adding vessel capacity and accelerating empty container circulation

Move comes as the traditional Chinese New Year slack season has failed to drag down the rocketing shipping costs, with Sea-Intelligence predicting the record-high prices could last until 2022

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