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April’s Ocean Freight Fees Fell 7% But Pressure on Spot Rates Is Coming

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The Freightos Baltic Global index fell 7 percent to $8,747 per 40-foot container or equivalent unit (FEU) in April, driven by the slowdown of available exports out of China due to Covid lockdowns in Shanghai. This rate is still double its level a year ago and nearly six times the pre-pandemic norm, the monthly report…

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