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Container rates staying up despite coronavirus

While demand falls steeply, and the container lines are increasingly withdrawing ships from service, rates seem to stay up, shows a comparison of indexes. Indian ports are flowing over.

Photo: Morris Mac Matzen/AFP/Ritzau Scanpix

Even though the container shipping lines are withdrawing ships daily from their sailing plan due to the steep drop in demand from western nations, the rate level looks set to continue. At least for now.

This is clear from a comparison of a series of indexes performed by Sea-Intelligence Consulting.

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