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Carriers Push Rate Hikes Amid Service Suspensions
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Overview
API
Asia-Europe carriers are pushing for rate hikes ahead of new year service suspensions, with Hapag-Lloyd and CMA CGM raising FAK rates for major trade lanes. Other carriers are expected to follow suit, leading to increased rates and potential service disruptions. Meanwhile, US east coast rates have increased, while the Asia-US west coast spot has seen a slight decrease.
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How might the potential service disruptions impact global trade and supply chains?
In what ways could the rate hikes affect the competitiveness of Asia-Europe trade and its economic implications?
What strategies can carriers employ to mitigate the financial losses incurred by sub-economic rate levels?
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