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10/09/2021at 15:05

Container lines take steps to curb the extreme market

CMA CGM is not alone in trying to put the brakes on the galloping spot rates in the container market. Hapag-Lloyd is doing the same. The moves are in effect aimed at nursing their loyal customers, according to one assessment. Meanwhile, ONE maintains its pricing policy.
Photo: Hapag-Lloyd/Thies Raetzke
by TOMAS KRISTIANSEN

Several container lines are turning to a surprising initiative to keep the extremely high spot rates down in the supercharged ocean freight market.

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