Spiralling ocean container shipping market set to peak, but will not bring an end to shippers’ problems

The dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiralling spot rates. Data released by Xeneta today, Monday, shows average spot rates from the Far East to US East Coast increased by 3.7% on 15 July to stand at USD 10 045 per FEU (40ft …

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