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Transpacific container lines to up freight rates

Rates to be raised in two stages, in an effort to halt losses

[COPENHAGEN] Container shipping lines have agreed to raise Asia-US freight rates in two stages, by US$300 per 40-foot container (FEU) from March 15 and then by an unknown amount from May 1, in an effort to halt losses, their organisation TSA said.

The members of the TSA (Transpacific...