Long-contract container rates rise by 30% in a month
Rates on long-term contracts have increased by more than 150% this past year, writes Xeneta.
by KIM WIESENER
Container rates on long-term contracts rose to a hitherto unseen degree in May. The surge was no less than 30.1% compared to the month before, and in a single year, this type of rate has increased by all of 150.6%, according to fresh numbers from analyst firm Xeneta.
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