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Latest data is ‘a wake-up call’ for shippers, as Xeneta argues now is the time to negotiate long-term rates

Xeneta believes long-term ocean freight rates may have started bottoming out after around a year of persistent, often dramatic monthly falls. The Oslo-based benchmarking and market analytics company says the latest General Rates Increases (GRIs) from carriers appear to have held “relatively firm”, pushing spot rates up above long-term rates on key corridors. As such, ...

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