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Market falling apart, say shippers

The container shipping market is “rapidly disintegrating” as capacity fails  to keep pace with returning demand and rates escalate beyond reach for many, says the latest MDS Transmodal and Global  Shippers Forum Market Review. GSF director James Hookham, said that importers and exporters are facing “a meltdown of the container shipping market, with rates in the stratosphere, slots up for auction and service performance in the trash. The prospects for the ... [+]

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