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Container lines' rate boom can be explained by one key driver in the US

US consumers have started spending their money differently during the coronavirus crisis, causing container freight rates to soar. The question is whether it will continue.

Photo: Ted Shaffrey/AP/Ritzau Scanpix

A shift in US consumer demand is the reason why container lines are currently seeing gilded times on the Pacific.

In recent months, Maersk and the other container majors have defied the coronavirus crisis and are currently sailing at the best prices in a very long time on the routes between Asia and the US.

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