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Industry Updates
Declining Asian exports another blow to transpac contract hopes
China’s May Day holiday, lasting five days from Saturday, will delay liner operators’ planned rate increases, and cargo volumes ex-Asia [...]
Vietnam to boost domestic box fleet as more shippers shift from China
Vietnam’s state-controlled shipping group, Vietnam Maritime Corp (VIMC), plans to acquire more containerships and build more inland box depots in [...]
Soft demand pushes ocean spot rates to ‘their lowest sustainable level’
Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will feed declining rates, [...]