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Market may be stabilising at around -5% below its levels last year

Average worldwide rates however slightly increased by 1%

Rates however remain significantly above pre-Covid levels

MESA region remains stable

Average rates remained more or less stable last week at US$2.51/ kilo up by 8% year-on-year

November tonnage up +5% year on year

Thanks significant rebound in demand and pricing in last few months

Worldwide tonnages rise by 19% month on month in March

Spot rates at $2.57 per kilo rise 14% year-on-year in July

See significant rebound in the last few months in demand and pricing especially ex-China