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Asia-Europe rate increase saw short-lived success

The implementation of new rate increases on the routes between Shanghai and Europe from major companies was a short-lived success, writes the new agency Ritzau.

Last week, the marked increase of 351 USD was then followed by a drop of 113 USD to 1237 USD per twenty-foot container, TEU, during the week ending on Friday.

This emerges from the latest update from Shanghai Shipping Exchange.

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