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Index-Linked Contracts Could Curb Price Volatility in Ocean Freight Rates, Report Says

Shippers are increasingly frustrated with the current process of setting ocean freight rates, as evidenced by a new Freightos survey conducted across top-tier cargo and logistics providers. “Legacy fixed price contracts dominate ocean freight pricing,” Freightos said in a report accompanying the survey results. “While prevalent, nearly every player recognizes their inherent flaws, making it…

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