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Xeneta: Global Long-Term Container Rates Arrest Decline In February, Buoyed By Surge In Us Export Rates

After the record-breaking falls of January, global long-term ocean freight rates held up surprisingly well in February, boosted by “a special month” for US exports. According to the latest data from the Xeneta Shipping Index (XSI®), average long-term contracted rates dropped by just 1% across the month, following on from a 13.3% month-on-month collapse in ...

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