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Differing Carrier Moves Add to Asia–Europe Market Uncertainty
Differing carrier strategies for Red Sea transits are intensifying uncertainty on Asia–Europe trade routes, driving spot rates on major lanes lower for the second straight week, Drewry reports. Some carriers have begun cautiously reintroducing services via the Suez Canal while others are pulling back. According to Drewry’s January 22nd World Container Index update, Drewry noted