Chinese authorities investigate liners as transpacific rates hit record territory

China’s Ministry of Transport has sent letters to six major containerlines, asking them for explanations behind the recent freight rate surges, which has seen ships charging record figures on the transpacific. The six companies questioned are Cosco, Maersk, MSC, CMA CGM, Hapag Lloyd and Evergreen. According to Alphaliner, spot freight rates on the North China …

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