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General rate increases (GRIs) give a “clear indication of ocean carrier intentions”, and raise alarm bells for their clients with long-term contracts.  

Emily Stausboll, senior shipping analyst at Xeneta, said the 90-day lowering of US tariffs on Chinese imports, from 145% to 30%, “acted as the starting gun for businesses to ship as many goods as possible”. 

She added: “Carriers do not need a second invitation to introduce surcharges in response to situations that cause a squeeze on capacity, and this ...

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