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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.

Photo: George Frey/AFP/Ritzau Scanpix

November saw further growth in rates for container goods on long-term contracts of 16.3 percent, according to analyst firm Xeneta.

Freight costs have thereby increased 121.2 percent over the past 12 months, and it's uncertain how the market is going to develop in the time to come, comments Xeneta Chief Executive Patrick Berglund.

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