Rising Rates from Asia to USA: What’s Driving These Changes?
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Ocean container rates in 2015 witnessed a nearly year-long slide that ended with a sharp increase on January 1, 2016 from a fully implemented General Rate Increase (GRI). As Chinese New Year 2016 passed, rates continued their slide until they bottomed out at historic lows in June. Continued monthly announcements of GRIs through the summer…
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