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Analyst firm: Container rates decline heavily from Asia to US east coast

Spot rates on container transport from Southeast Asia to port terminals on the US east coast have fallen markedly since the beginning of the year. Biggest decline has occurred from Indonesia to the US east coast, writes Xeneta.

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The high spot rates on a number of container trade routes between Southeast Asia and the US east coast are diving, according to analyst firm Xeneta.

Since the year’s start, spot rates on a forty-foot container (feu) from Southeast Asia to port terminals on the US east coast have decreased by 13.8% as per the end of May, writes Xeneta.

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