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Fluctuating Ocean Freight Rates Reflect Choppy Seas in Commercial Transport

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Ocean container freight rates are experiencing fluctuations over unstable economic conditions, added costs due to the switch to low sulfur fuels and the upcoming disruption in production and shipping schedules from Lunar New Year. The World Container Index (WCI) assessed by Drewry, a composite of container freight rates on eight major routes connecting the U.S.,…

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