Predicted rate avalanche gathering momentum

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Predicted rate avalanche gathering momentum

Dale Crisp THE SHARP DOWNTURN in Asia-Australia rates, more dramatic from North & East Asia than from South East Asia, has prompted more leading lines to hit the ‘restoration’ button, mostly from 1 March. DCN last week reported rate indexes showing disturbing falls approaching and post Lunar New Year – disturbing for carriers but maybe for shippers too, given the inevitable bounce back that will follow. COSCO Shipping Line has announced it will …