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Demand for the supply chain will not fall, and near-sea fares will continue. As a result, container fares increased sharply in the middle of December, and the fares of ad hoc vessels increased by more than 100%, making freight fares of Southeast Asia Line more expensive than European and the US Line.
Southeast Asia resumed operations after the outbreak of the epidemic, and China hurried to ship before Lunar New Year vacations.
According to Yangming''s latest offer for Southeast Asian routes, the cost for ad hoc vessels rose by US$600 at 20 feet and US$1,200 at 40 feet from February 16, the largest increase in history.
The shipping companies pointed that the whole Asia line is out of supply and some South Asian lines will not be available until Lunar New Year. East Asia Line freight has reached more than US$3,400, exceeding European and American line contract prices.
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