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SeaIntel: Major rate differences on intra-Asia

Spot rates in the container market on the intra-Asian routes stabilized in 2013, but the trade is actually characterized by two different markets.

Spot rates on the important intra-Asian container routes stabilized in 2013, but the trade is actually characterized by two different markets. One market for the routes that run between major wayports on super post-panamax routes, and another market for more dedicated services, says analyst SeaIntel on the basis of the weekly SCFI spot rates from the Shanghai Shipping Exchange, which cover six routes from Shanghai to Japan, Singapore, and Hong Kong, among others.

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