Box lines poised for first-quarter windfall
Mainline operators can expect a windfall for the first quarter of 2024, as the surge in freight rates far exceeds the costs of detouring round the Cape of Good Hope. Freight rates increased across the board, with Transpacific rates (according to the Shanghai Containerised Freight Index) rebounding sharply last week.
On 12 January, Shanghai-US West Coast rates gained 43% from the
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