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Ocean Freight Rate Trends Signal Breathing Room for Shippers

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While ocean freight rates have dipped a bit of late, they are still substantially higher than medium- and long-term prices for containers and experts expect spot rates to remain stable or continue falling in the coming weeks. Drewry’s composite World Container Index (WCI) decreased 0.9 percent to $7,874.43 per 40-foot container or equivalent unit (FEU)…

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