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Container Freight Rates Fall as Asian Routes Suffer, But Higher Costs Ahead

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A decline in transpacific freight rates drove down the composite World Container Index (WCI), assessed by Drewry, for the week ended Thursday. “With initiation of Chinese New Year, we expect the rates to fall,” in coming weeks due to low demand, Drewry said. The Chinese New year begins on Tuesday, with factories in China and…

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