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Shipping sector on course for recovery

Box rates on the rise due largely to consolidation, with Hanjin's failure among the biggest contributors

CONTAINER freight rates have at last started to recover, but are doing so from a very low base. Spot container freight rates on the major East-West routes reached a 20-month high last week and have risen above the average of the last five years, said Drewry.

The specialist shipping-

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