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Charter rates continue to soar.(The Week)(Brief Article)

JoC Week

| October 25, 2004 | COPYRIGHT 2002 All Rights Reserved. (Hide copyright information)Copyright

Charter Rates Continue To Soar: Container charter rates continue to rise, driven by a dearth of vessels on the spot market and the lack of enough new ships to keep up with surging cargo volume. The shortage of ships available for charter is so acute that careers are being forced to hire out vessels to each other, usually for short periods at premium rates. China …

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