Chinese New Year fails to deliver rate respite
Spot prices on the Asia-Europe and transpacific trades remain at record highs in the absence of a traditional post-Chinese New Year volume slump
Spot rate resilience over the Chinese New Year indicates that factors propping up prices have still to be alleviated. Cargo backlogs, port congestion, equipment shortages and sustained high volumes mean shippers are still being charged premiums on the trunk trades
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