In an in many ways unusual year for the container sector, the shipment of millions of containers was pushed from the first half of the year to the second.
According to Sea-Intelligence, 5 million teu were added to the normal volumes in the second half of the year, as a massive demand for container freight sent rates soaring.
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Mega profits fan criticism of container lines' favorable competition rules
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PSA International acquires global logistics company
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Rates in long-term container contracts continued upswing in November
With rates locked at a high level in long-term contracts, major container lines are facing a period of high earnings. Rates in long-term container contracts surged 16.3 percent in November, according to analyst firm Xeneta.
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