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2022-07-25 13:39:18 By : Mr. George Guo

Lower spot rates could tempt shippers to renege on long-term business

Container spot rates on a key trade have fallen below contract rates for the first time since the start of the pandemic.

That could tempt shippers to ditch long-term contracts in favour of the cheaper spot market.

Spot rates from China to the US West Coast (USWC) continued to fall as container flows improve and demand drops.

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