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Rates on long container contracts stayed high in August

The price on long-term container freight contracts have been increasing in August and now lie over 120% higher than last year, says Xeneta, which does predict a changing trend, however.

"There’s no doubt the major carriers have had it their way in negotiations for some time," says Xeneta CEO Patrik Berglund. | Photo: PR / Xeneta

Rates on long-term contracts in the container market have seen a rising trend and soared by 4.1% in August alone compared to the previous month.

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