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Opposite Movements for Sea and Air Rates

Ocean and airfreight rates moved in opposite directions in January, according to Drewry’s monthly Sea and Air Shipper Insight. Ocean shippers moving cargo on the key East-West trades continued to see marginal increases for spot cargo in January due to a combination of a seasonal volume boost prior to Chinese New Year and capacity cutbacks in the form of blank voyages. Drewry’s East-West Freight Rate Index…