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Carriers Push Rate Hikes Amid Service Suspensions
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Overview
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Asia-Europe carriers are raising rates ahead of new service suspensions, with Hapag-Lloyd and CMA CGM leading the charge. Other carriers are expected to follow suit, leading to service disruptions. Meanwhile, transatlantic carriers face losses due to sub-economic rates.
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How could the service disruptions affect the overall supply chain and trade relationships?
How might the rate hikes impact the competitiveness of global trade routes?
What strategies can carriers employ to mitigate losses and maintain profitability?
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