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Carriers eye higher contract rates to hedge against spot market volatility

March 5, 2021 by Choice Aviation Services0Air Cargo

Container spot rates from Asia to Europe and Asia to the US eased back further this week from their record highs.
Nevertheless they are expected to stay at very elevated levels for some time.
According to today’s reading of the Freightos Baltic Index (FBX), the rate for a 40ft from Asia to North Europe declined 3.3% on the week, to $8,037, but for Mediterranean ports, the rate was off by just $37, …

The post Carriers eye higher contract rates to hedge against spot market volatility appeared first on The Loadstar.

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