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Drewry advises shippers to brace for another year of ocean cargo rate hikes

December 27, 2021

Shippers may expect a second year of big increases in 2022 for ocean contract rates, says Philip Damas director and head of the supply chain advisors practice at London-based Drewry.

“Challenges of securing ocean capacity amid current logjams and prospects of hugely inflated ocean freight costs in 2022 are forcing logistics buyers to consider radical options,” he says.

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