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Rates on long box contracts seem to have finally peaked

Rates on long-term container contracts seem to have peaked as well, according to Xeneta, which states that customers are now in a stronger bargaining position on lower prices.

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Following the turnaround in spot rates on the container market after they increased for months, it seems that long-term contracts are now next in line.

In any event, analyst firm Xeneta assesses that prices on long contracts may have peaked and will therefore start going south again, to the benefit of customers. The level remains high, however, as rates have soared by no less than 112% compared to last summer and 280% compared to July 2019.

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