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One of the most effective, quickest and easiest solutions to reduce emissions is to slow ships down. Even micro-adjustments at high speeds have a massive impact on fuel consumption.

Spot container rates from Shanghai to North Europe stood at $714 per TEU as of March 15, whiles rates from Shanghai to the Mediterranean totaled $748 per TEU, down 5.3 percent and 3.6 percent, respectively, from a week prior, according to the Shanghai Containerized Freight Index.

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