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PUBLISHER: Splash 247 (www.splash247.com)

Three reasons underpin why freight rates will not fall below pre-pandemic levels but three more that suggest they will not be substantially higher after 2023, writes Daniel Richards from MSI.

With peak season now fully underway, container freight rates continue to smash past previous historical records. A combination of healthy demand volumes, extensive port congestion and shippers facing order backlogs and the risk of empty shelves during the holiday season has driven spot freight rate assessments on key trades far beyond anything witnessed before 2021.

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