KUCHING: Harbour-Link Group Bhd
expects international container freight rates, which have weakened significantly from their peaks recorded last year, to be volatile going forward.
According to the Bintulu-based shipping and integrated logistics provider, its container freight rates within the Intra-Asia and China trade had encountered downward adjustments by 15% to 20% in the July-September 2022 quarter because of weakened cargo demand and keen competition from main liner operators.
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