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Ocean carriers want to keep transpacific prices as high as possible during BCO contract negotiations. This has been successful, with an increase in blank sailings enabling an April 1 GRI. While space is currently reasonably tight and the new rates are still holding, another GRI is unlikely to stick without more blank sailings.

The fastest container vessel transits from China to Rotterdam take 22 days and are offered from Yantian in southern China on the 2M Alliance’s AE2/Swan loop, according to BlueWater Reporting data.

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